Sky: 21^st Century Fox and Comcast Increase offers for the acquisition of the company within hours

The US conglomerates 21^st Century Fox and Comcast, in competition for the acquisition of the British broadcasting group Sky, have increased their offers on 11/07/2018. Comcast outbid Fox's offering with £14.75 (€16.69) per share, or £25.9bn (€29.3bn) to buy 100% of Sky.

21^st Century Fox, 39.1% shareholder of Sky, had made an offer, a few hours earlier of £14 (€15.84) per share, to acquire the remaining 60.9%, which valued Sky at £24.5bn (€27.7bn).

These takeover offers involve another US conglomerate, The Walt Disney Company, which reached an agreement with 21^st Century Fox to acquire 20^th Century Fox, the studio of the US group, and various TV assets, including 39.1% of the pay-TV group Sky, for an amount of $52.4bn (€45.3bn), on 14/12/2017. Walt Disney Company has since increased this offer to $71.3bn (€61.7bn), according to US press on 06/20/2018, so that Fox can acquire Sky.

• Comcast launched a formal offer of £22.1bn to acquire 100% of Sky Sector: pay-TV operator by satellite, cable, Internet Founded: 1989 (Sky Sports: 1991) Shareholding: Comcast Subsidiaries: Sky…