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Comcast ups offer for Sky, outbidding Fox

Annlee Ellingson
American City Business Journals
Comcast ups offer for Sky, outbidding Fox

Within hours of 21st Century Fox raising its bid to acquire Sky plc, Comcast Corp. has upped its offer as well. “Comcast has long admired Sky and believes it is an outstanding company and a great fit with Comcast,” the company said in a statement. “Today’s announcement further underscores Comcast’s belief and its commitment to owning Sky.” Comcast (NASDAQ: CMCSA) said that its offer has been recommended by the Sky Independent Committee of Directors and that it has already received relevant regulatory approvals in the European Union, Austria, Germany, Italy and Jersey.