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21st Century Fox America, Inc -- Moody's says Comcast's new bid for Sky is credit negative, but does not impact Comcast's rating review

Moody's Investors Service (Moody's) said that Comcast Corporation's (Comcast) (A3, on review for downgrade) July 11, 2018 announcement that it increased its bid to acquire Sky plc (Sky) (Baa2, developing outlook) to GBP 14.75 per share in cash is credit negative. This is an increase from its initial GBP 12.50 offer made in February 2018 when we subsequently affirmed Comcast's credit ratings, and above 21st Century Fox America, Inc's (Baa1, on review for upgrade) parent, 21st Century Fox Inc.'s (Fox), latest offer for Sky made on July 11, 2018 of GBP 14.00 per share.