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Comcast gazumps Murdoch’s 21st Century Fox with £22.1bn Sky offer

on Feb 27, 2018 | 0 comments

By John Glenday

Rupert Murdoch’s 21st Century Fox is facing a fresh complication from an unexpected quarter in its long-cherished drive to wrest full control of Sky, after US cable giant Comcast tabled a rival £22.1bn offer for the business.

The cash offer is significantly higher than the £18.5bn already agreed by Fox for the 61% stake in the business it does not currently possess.

Outlining his motivations behind the audacious move Comcast chief executive Brian Roberts said he was drawn to the UK as a ‘great place to do business’ and wished to purchase all of Read full story ›

Source: The Drum