Comcast has outbid 21st Century Fox for Sky

Submitted by The Verge on September 22, 2018 - 3:41pm

Comcast has won an auction to acquire UK telecommunications company Sky, bidding $38.8 billion to overtake Rupert Murdoch’s 21st Century Fox after a lengthy bidding war this summer. Comcast’s win paves the way for it to acquire Sky and its 23 million European subscribers and entertainment assets. Sky’s shareholders will now need to approve the deal.

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