Comcast surpasses Fox in the Battle of Sky for $ 40 Billion – TechCrunch



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Comcast outbid Twenty-First Century Fox for the UK, a last step in a multi-year battle between the two conglomerates.

Comcast's final offer gives Sky a price of about $ 39 billion.

The acquisition of Sky, which has 23 million subscribers in the UK, Ireland, Germany, Austria and Italy, will allow Comcast to better position itself on the international market and to need Amazon and from Netflix.

Both companies have increased their offers for Sky at the auction on Saturday, with the Comcast bid £ 17.28 per ordinary share Sky and Fox offering £ 15.67 per share. Comcast initially set Sky's share price at £ 14.75 each. Fox's original offer was £ 14 per share.

The two companies will unveil their revised offers on Monday. Sky's Board of Directors will make its official recommendation by October 11th.

Sky operates several brands, including Sky News, Sky Sports and Sky Cinema.

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