Comcast Raises Bid for Sky to $34 Billion, Tops Fox’s Offer

The fight for Britain's leading pay-TV group is part of a bigger battle being waged in the entertainment industry

A Look at Comcast Corporation
AP, File

Comcast Corp. on Wednesday raised its offer for Britain's Sky in a deal valuing the pay-TV group at $34 billion, topping a raised bid of $32.5 billion from Rupert Murdoch's Twenty-First Century Fox.

Comcast said its cash offer has been recommended by Sky's independent committee of directors and that it has committed financing required for the deal, NBC News reported.

The company said it expects to complete the acquisition before the end of October 2018.

Comcast owns NBCUniversal, the parent company of this station.

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