Business Standard

Comcast offers $31 billion to buy pay-TV group Sky, challenges Murdoch


Reuters LONDON
LONDON (Reuters) - Comcast Corp, the biggest U.S. cable operator, said on Tuesday it was making a cash offer to buy Sky for 22.1 billion pounds ($31 billion), challenging Rupert Murdoch's Fox to take over the European pay-TV group.
21st Century Fox had already agreed a deal to buy the 61 percent of Sky it does not already own.
($1 = 0.7157 pounds)
(Reporting by Kate Holton, editing by Guy Faulconbridge)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Feb 27 2018 | 12:53 PM IST

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