Comcast raises bid for Sky to $ 34 billion, tops Fox's offer

By Paul Sandle and Kate Holton

LONDON (Reuters) – Comcast Corp on Wednesday raised its price for Britain's Sky in a deal worth the pay-TV group at $ 34 billion, topping a raised bid from $ 32.5 billion from Rupert Murdoch's Twenty First Century Fox .

The company said it was expecting to complete the acquisition by the end of October 2018. Approvals in the EU, Austria, Germany, Italy, and Jersey.

Fox, which has been trying to buy the pan-European group since December 2016, offered to pay 14 pounds per share, a 12 percent premium to Comcast's earlier offer

The US cable group gatecrashed Murdoch's attempt to buy the 61 percent of Sky his group did not already own in February, when the media mashup IMG: http://tmsnrt.rs / 2BS9Bnb)

The fight for Britain's leading pay-TV group is part of a bigger battle being waged in the entertainment industry as the world's media giants splash out tens of billions of dollars on Netflix and Amazon . [19659002] Comcast and Walt Disney are locked in a separate $ 70 billion-plus battle to buy most of the Fox's badets, which would include Sky.

Disney secured conditional Compendium

($ 1 = 0.7543 pounds)

Additional reports by Ben Martin, Sinead Cruise and Maiya Keidan; editing by Guy Faulconbridge / Louise Heavens / Susan Fenton)

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