LONDON: Comcast Corp topped Rupert Murdoch’s 21st Century Fox Inc with a knockout bid for Sky Plc, putting the US cable giant on track to acquire Europe’s largest satellite broadcaster in a deal that would redraw battle lines of the global media industry.
In an unusual auction overseen by UK regulators, Comcast bid 10% more than Fox on Saturday, all but ensuring that it will win control of London-based Sky.
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