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Comcast outbids Fox, Disney; offers to buy Sky for $39 bn
short by Pragya Swastik / on Sunday, 23 September, 2018
US cable giant Comcast on Saturday outbid Rupert Murdoch's 21st Century Fox and its powerful backer, Disney, to buy one of the UK's biggest broadcasters Sky for $39 billion. Both the companies were bidding for a 61% stake in Sky, where Fox already owns a 39% stake. Sky has recommended its shareholders to accept Comcast's bid.
read more at BloombergQuint