Sky Agrees to Higher Takeover Bid from Comcast

Comcast has raised its offer for European pay-TV provider Sky, just beating an improved bid from Sky’s largest shareholder 21st Century Fox. The new offer from Comcast is GBP 14.75 per share, valuing Sky at GBP 26 billion. That’s up from Comcast’s first offer in April of GBP 12.50 per share and 21CF’s latest offer of GBP 14. – Telecompaper