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Fox ups bid to £24.5bn to buy Sky in attempt to see off Comcast

Fox ups bid to £24.5bn to buy Sky in attempt to see off Comcast

Fox ups bid to £24.5bn to buy Sky in attempt to see off Comcast

RUPERT MURDOCH’S 21st Century Fox has turned up the heat in the battle to take over Sky after trumping rival Comcast with a higher bid worth £24.5 billion. Fox hiked its bid to take full control of Sky to £14-a-share – nearly a third more than the £10.75 price it agreed to pay in its original offer 18 months ago and leapfrogging US cable group Comcast’s £12.50-a-share takeover proposal.

Fox ups bid to £24.5bn to buy Sky in attempt to see off Comcast

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