Comcast has outbid Twenty-First Cenutry Fox for the UK’s Sky, a final step in what’s been a years-long takeover battle between the two media conglomerates.
Comcast’s final offer gives Sky a roughly $40 billion price tag.
Both companies upped their offers for Sky at the settlement auction Saturday, with Comcast offering £17.28 per Sky ordinary share and Fox offering £15.67 per share. Comcast initially offered £14.75. Disney-owned Fox’s original offer was £14.
Both companies will reveal their revised bids on Monday. Sky’s board will make it’s official recommendation by October 11.
