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Fox Has Next Move in Sky Fight After $34 Billion Comcast Bid

Cable giant’s latest offer is 5.4% higher than Fox’s price
Independent Sky directors back sweetened buyout terms

Comcast raiseid its bid for Sky to $34 billion, topping an offer from Fox. Bloomberg’s Anousha Sakoui reports.(Source: Bloomberg)

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By Joe Mayes, Anousha Sakoui, and Nabila Ahmed

July 11, 2018 at 9:47 PM UTC

Updated on

July 12, 2018 at 2:06 PM UTC

This article is for subscribers only.

It’s up to Rupert Murdoch’s 21st Century Fox Inc. to make the next move in a global standoff between media giants after Comcast Corp. increased its offer for Sky Plc to 26 billion pounds ($34 billion).

A full-blown bidding war has broken out over Britain’s top pay-TV provider this week after Fox upped the ante, triggering the response from Comcast just hours later.