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Variety

As Fox Raises Its Bid for Sky, Comcast Is Expected to Make a Counterbid

Jul 11, 2018  •  Post A Comment

“The race to own European satcaster Sky heated up Wednesday with an increased offer by 21st Century Fox and expectations that Comcast will quickly mount a richer counter-bid,” Variety reports. “Fox upped its bid to buy the rest of Sky in a deal that values the pay-TV company at $32.5 billion, topping a rival $31 billion offer from Comcast.”

Deadline adds: “With Disney so far trumping Comcast’s bid for a raft of Fox’s assets, the U.S. cable giant is seen as likely to focus its efforts on wresting Sky away from Fox and adding a valuable international asset to its portfolio.”

The report also notes: “Comcast Chairman Brian Roberts is in Sun Valley, Idaho, this week for the annual Allen & Co. conference, a gathering that has brought him together with Fox chief Rupert Murdoch. Disney Chairman-CEO Bob Iger is also expected to attend the mogul summit. Roberts has been tight-lipped with media at the event, but chatter about Comcast’s shift in focus to Sky is building among conference-goers.”

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