As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by CNBC:
Two of America’s largest media companies are about to settle a bidding war to buy a coveted overseas competitor.
Twenty-First Century Fox and Comcast are going head to head in London over the weekend at a takeover auction for British broadcaster Sky. The deal will likely set Sky’s new owner back by about $36 billion.
The article goes on to state the following:
Sky shares are currently trading well above Comcast’s last takeover offer price of £14.75 ($19.46) a share, which is the largest amount that has been offered so far. Fox’s latest offer trails behind at £14 per share.
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