Rupert Murdoch’s 21st Century Fox on Wednesday revealed it had increased a takeover offer for pan-European TV group Sky, valuing the group at £24.5 billion ($32.5 billion, 27.7 billion euros) and trumping Comcast’s rival offer.
Fox’s improved bid for the 61 per cent of Sky it is yet to own beats an offer of £22 billion from US cable giant Comcast for the whole of the satellite TV group.
