Sky shares rally after Comcast and Fox go head-to-head in bid battle


LONDON (Reuters) – Shares in Sky (SKYB.L) jumped higher on Thursday after Comcast (CMCSA.O) submitted a $34 billion bid for the group just hours after Rupert Murdoch raised his offer, escalating a trans-Atlantic bidding war for the European pan-TV group.

FILE PHOTO: The Sky logo is seen at the company’s UK headquarters in west London July 25, 2014. REUTERS/Toby Melville/File Photo

Comcast, the world’s biggest entertainment group, said it had secured the backing of Sky’s independent directors for a 14.75 pounds per share offer that came just 16 hours after Murdoch’s 21st Century Fox…



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