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Comcast makes higher offer for Sky, tops Fox bid

(Reuters) – Comcast Corp (CMCSA.O) on Wednesday raised its offer for Britain’s Sky (SKYB.L) in a deal valuing the pay-TV group at $34 billion, challenging a raised bid from Twenty-First Century Fox (FOXA.O).

FILE PHOTO: The Comcast NBC logo is shown on a building in Los Angeles, California, U.S. June 13, 2018. REUTERS/Mike Blake

Comcast’s offer of 14.75 pounds per share was higher than the 14 pounds per share, or $32.5 billion, offered by Rupert Murdoch’s Fox earlier in the day.

Reporting by Sonam Rai and Arjun Panchadar in Bengaluru; Editing by Sriraj Kalluvila

http://feeds.reuters.com/~r/reuters/businessNews/~3/IyUlxn0pEV0/comcast-makes-higher-offer-for-sky-tops-fox-bid-idUSKBN1K130W

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