You are here: Home » Reuters » News
Business Standard

Rupert Murdoch's Fox agrees 24.5 billion pound bid for Sky

Reuters  |  LONDON 

LONDON (Reuters) - Rupert Murdoch's 21st Century Fox said it had secured a deal to buy Britain's Sky after it increased its offer to 24.5 billion pounds on Wednesday, gaining the upper hand in its battle with rival bidder Comcast. Fox, which is expecting to get regulatory approval from Britain this week after striking an initial deal with Sky in December 2016, upped its offer to 14 pounds per share, from its earlier 10.75 pounds per share. Comcast had offered 12.50 pounds. Fox said it had secured the agreement of the independent committee of Sky for the deal. (Reporting by Kate Holton; ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, July 11 2018. 11:41 IST
RECOMMENDED FOR YOU