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Comcast outbids Fox in $40B battle for Sky – TechCrunch

Comcast outbids Fox in $40B battle for Sky – TechCrunch

Comcast has outbid Twenty-First Cenutry Fox for the UK’s Sky, a final step in what’s been a years-long takeover battle between the two media conglomerates.

Comcast’s final offer gives Sky a roughly $40 billion price tag.

Both companies upped their offers for Sky at the settlement auction Saturday, with Comcast offering £17.28 per Sky ordinary share and Fox offering £15.67 per share. Comcast initially offered £14.75. Fox’s original offer was £14.

Both companies will reveal their revised bids on Monday. Sky’s board will make it’s official recommendation by October 11.

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