Comcast, Elbowing Murdoch And Fox Aside, Makes $31 Billion Bid For European Satellite TV Giant Sky

"U.S. cable giant and NBCUniversal owner Comcast has made an unsolicited $31 billion (£22 billion) takeover bid for European pay TV giant Sky, offering more than Rupert Murdoch's 21st Century Fox. NBCUniversal's parent company unveiled its all-cash offer of £12.50 per share ($17.48) to Sky's shareholders early Tuesday London time. That marks a 16 percent premium to Fox's existing bid of £10.75 per share."

Article source here:Arts Journal