Comcast outbids 21st Century Fox for Sky

American cable giant Comcast lodged a winning bid of about $40 billion (£30.6 billion) for Sky following a rare, three round auction managed by UK’s Takeover Panel. In the auction’s final round, each company submitted a “sealed” bid, which was made public Saturday evening by the Takeover Panel.

Source: Comcast outbids 21st Century Fox for Sky

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