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

Reuters  |  LONDON 

(Reuters) - Rupert Murdoch's said it had secured a deal to buy Britain's after it increased its offer to 24.5 billion pounds on Wednesday, gaining the upper hand in its battle with rival bidder

Fox, which is expecting to get regulatory approval from Britain this week after striking an initial deal with in December 2016, upped its offer to 14 pounds per share, from its earlier 10.75 pounds per share. had offered 12.50 pounds.

Fox said it had secured the agreement of the independent committee of for the deal.

(Reporting by Kate Holton; editing by Paul Sandle)

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

First Published: Wed, July 11 2018. 11:41 IST