Comcast beat Rupert Murdoch’s Twenty-First Century Fox in the battle for Sky after offering around 30 billion pounds ($39 billion) for the British broadcaster in a rare auction to decide the fate of the pay-television group.
US cable giant Comcast bid 17.28 pounds a share for control of London-listed Sky, versus an offer of 15.67 pounds a share offer by Fox, the Takeover Panel said in a statement shortly after final bids were made on Saturday.
To read more about the deal, click here.
In related news:
Comcast outbid Rupert Murdoch in $40 billion Sky deal – and it shows just how much of a threat streaming services are to cable companies. Some analysts think the deal was driven by the threat of streaming services like Netflix and Amazon.
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