Economic news

Comcast wants to buy Sky for $31 billion

U.S. cable giant Comcast has launched a $31-billion bid to buy UK broadcaster Sky.

Photo: Simon Dawson/Bloomberg

Comcast, which owns NBCUniversal, can offer 12.50 pounds per share. Its offer will be valid, if the owners of at least 50% of Sky shares agree to it.

The U.S.-based media group 21st Century Fox, owned by tycoon Rupert Murdoch, also wants to buy Sky, but Britain's antitrust regulators are opposed to a deal that will give the Murdoch family too much influence on the UK media market.

Fox had agreed to pay for the British company 10.75 pounds per share. Fox owns about 39% of Sky.

To leave a comment you must or Join us

More news

Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree