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As Comcast Weighs Higher Fox Bid, Sky Offer Now in Jeopardy Too

  • Murdoch’s new offer is 12 percent higher than Comcast bid
  • Sky is part of a wider battle between Comcast and Disney
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Bloomberg’s Joe Mayes reports on Sky’s raised offer.(Source: Bloomberg)
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Rupert Murdoch’s 21st Century Fox Inc. boosted its bid for Sky Plc, adding pressure on Comcast Corp. to retaliate in a global game of M&A chess that’s being waged by the world’s biggest media companies.

Fox offered 14 pounds per share, valuing Britain’s top pay-TV company at 24.5
billion pounds ($32 billion). That’s 12 percent more than Comcast’s rival 22
billion-pound offer.