Powered by

Fox, Comcast bid for Sky in rare auction

Sep 22, 2018 - Associated Press Financial Wire

LONDON (AP) - Comcast and 21st Century Fox are contenders for the highest bid for European broadcaster Sky.

The two companies are competing Saturday in a rare auction to determine which bid for Sky is the highest. The three-round auction began Friday after the London stock market closed.

Britain's regulator, the Takeover Panel, set up the auction to put an end to months of offers and counteroffers from the American media companies, who want to expand business in Europe.

Sky is ...