April 25, 2018 / 10:18 AM / 4 months ago

Comcast offers $31 bln for Sky, going head-to-head with Fox

LONDON, April 25 (Reuters) - U.S. cable company Comcast Corp made a 22 billion pound ($31 billion) offer for pay-TV group Sky on Wednesday, beating an already agreed takeover bid from Rupert Murdoch’s Fox by 16 percent.

Comcast, which first proposed an offer at the same 12.50 pounds-a-share price in February, said it would continue to engage with the Sky’s independent directors with a view to obtaining a recommendation for its deal.

$1 = 0.7160 pounds Reporting by Paul Sandle; editing by Sarah Young

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