Comcast offers $31 billion for Sky, going head-to-head with Fox
LONDON (Reuters) - U.S. cable company Comcast Corp made a 22 billion pound ($31 billion) offer for pay-TV group Sky <SKYB.L> on Wednesday, beating an already agreed takeover bid from Rupert Murdoch's Fox <FOXA.O> by 16 percent.
Comcast, which first proposed an offer at the same 12.50 pounds-a-share price in February, said it would continue to engage with the Sky's independent directors with a view to obtaining a recommendation for its deal.
(Reporting by Paul Sandle; editing by Sarah Young)
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