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Comcast wins bidding for Sky with offer of GBP 30.6 bln

Sunday 23 September 2018 | 10:26 CET | News
Update: 24 September 2018 | 09:18 CET
US cable operator Comcast has won the bidding to acquire European pay-TV provider Sky in the auction with rival 21st Century Fox held by the UK Takeover Panel. After raising its price in July to GBP 14.75 per share or a total of GBP 26 billion, the winning bid reached GBP 17.28 per share, equal to over GBP 30.6 billion in total. Fox earlier bid GBP 14 per share, or a total of GBP 24.5 billion for the company.

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[24/09/2018 09:18 - Update: Corrects total purchase price.]


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Categories: Broadcast & Satellite / Internet
Companies: 21st Century Fox / Comcast / Sky
Countries: Europe / United Kingdom / United States
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