Comcast outbids FOX with £30bn bid for Sky

US cable giant Comcast has submitted the winning bid in the auction for broadcaster Sky, valuing the company at more than £30bn.

Comcast beat Rupert Murdoch's Fox in a rare blind auction process set by the UK's Takeover Panel.

Sky's 23m subscribers and Premier League football rights make it one of Europe's most profitable TV companies.

Source:

BBC

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