LONDON: Comcast Corp increased its takeover bid for Sky Plc to US$34bil, topping an offer from Rupert Murdoch’s 21st Century Fox Inc and escalating a global standoff between the media giants.
Comcast, the largest US cable company, is now offering £14.75 a share for Sky, valuing Britain’s top pay-TV provider at £26bil, according to a statement Wednesday.
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