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Read this: Comcast outbids Fox in auction for Sky valuing media company at £29.7bn

Summary: Comcast in particular wants Sky to give it a presence in Europe and reduce its dependence on the US and has also made clear its admiration for Sky's technological know-how. In July, it tabled a 14.75-a-share offer for Sky, valuing the company at 26bn. That was the highest offer going into today's auction and compared with Friday night's closing price of 15.85. - link

Comcast outbids Fox in auction for Sky v…

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