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Comcast gets valid acceptances for less than one percent of Sky shares


(Reuters) - Corp said it had received valid acceptances for shares representing just 0.21 percent of after its 14.75 pound per share offer to buy 61 percent of the European broadcaster.

also said the offer period was being extended and would remain open for acceptances until Sept. 12.

gatecrashed Fox's attempt to buy the 61 percent of Sky that it does not already own earlier this year and the U.S. cable giant's latest, higher offer, which it submitted in July, has been recommended to shareholders by the broadcaster's independent directors.

Under British takeover rules, Rupert Murdoch's Fox has until Sept. 22 to trump Comcast's offer for Sky.

(Reporting by in Bengaluru; Editing by Kirsten Donovan)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 22 2018. 23:10 IST