The Latest: Comcast sweetens Sky bid after Fox raises stakes

FILE - This Friday, July 25, 2014, file photo shows a view of the headquarters of the Italian Sky television broadcaster in Milan, Italy. Media mogul Rupert Murdoch's 21st Century Fox has increased its bid to take full control of Sky in a prolonged battle with Comcast for the lucrative pay TV service. Fox Wednesday, July 11, 2018 increased its bid to 14 pounds ($18.58) a share as it seeks the 61 percent of Sky not already under its control. (AP Photo/Luca Bruno, File)

LONDON — The Latest on the bidding battle for European pay TV service Sky (all times local):

11:45 p.m.

Comcast is sweetening its bid for European pay-TV operator Sky after Fox raised the stakes.

Comcast is now offering 26 billion pounds ($34 billion), trumping Fox's increased offer of 24.5 billion pounds ($32.5 billion).

That breaks down to 14.75 pounds per share under Comcast's new bid versus 14 pounds a share being dangled by Fox for the 61 percent of Sky that it doesn't already own.

The latest bid is 18 percent above Comcast's original offer of 12.50 pounds per share.

Both media companies are seeking Sky's TV channels, 22.5 million customers and lucrative rights to English Premier League soccer matches. The battle for Sky is unfolding as Comcast engages in another duel with Disney for Fox's entertainment operations, including Fox's current 39 percent stake in Sky. Disney currently submitted to top bid for Fox.

People also read these

China orders actress Fan Bingbing to pay massive...

Oct 4, 2018

Chinese media say tax authorities have ordered actress Fan Bingbing to pay taxes and fines but...

Sony promises VR music video, other entertainment...

Sep 13, 2016

The head of Sony Corp.'s video game division says the Japanese electronics and entertainment...

Japan naming 88 manga, animation landmarks to...

Sep 17, 2016

Eighty-eight places in Japan are going to be designated "animation spots" to encourage tourism _...

Japan Emperor turns 83, thanks public over...

Dec 23, 2016

Japan's Emperor Akihito has marked his 83rd birthday, thanking the people for their concern and...

Japan Crown Prince vows to follow father's...

Feb 23, 2017

Japan's Crown Prince Naruhito has marked his 57th birthday with a pledge to follow in his father's...

About Us

Frontal Report is an emerging leader in all forms of media. We aim to be the leading news brand for readers around the world.

Contact us: sales[at]frontalreport.com

Subscribe Now!