Comcast said Tuesday it is offering 22.1 billion pounds ($29.50 billion) for London-based Sky. The British competition regulator has said in a preliminary finding that a Fox takeover would give the Murdoch family too much control of Britain’s media. Fox’s bid for Sky is part of a larger corporate network of deals, in which Walt Disney Co. is trying to buy Fox for $52.4 billion. So a Comcast takeover of Sky could require Disney to revise its proposed takeover of Fox. Shares in Sky surged 20 per cent to 13.26 pounds in London on the prospect of a bidding war.

Source: National Post February 27, 2018 16:43 UTC