Comcast outbids Fox in Sky auction

FILE PHOTO: The Sky logo is seen on outside of an entrance to offices and studios in west London, Britain June 29, 2017. REUTERS/Toby Melville/File Photo - Copyright Toby Melville(Reuters)

By Reuters

Published on 22/09/2018 - 20:34•Updated 23/04/2024 - 13:05

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LONDON (Reuters) - U.S. cable giant Comcast <CMCSA.O> has beaten rival Twenty-First Century Fox <FOXA.O> in the bidding battle for Sky <SKYB.L> after making a 17.28 pound a share offer for the British broadcaster in an auction run on Saturday by the UK's takeover regulator. Rupert Murdoch's Fox offered 15.67 pounds a share for Sky in the auction, the Takeover Panel said.