- Comcast (NASDAQ:CMCSA) has formalized its offer for British broadcaster Sky (OTCPK:SKYAY), along with commitments to maintain its annual budget and editorial board independence, in a deal valued at about $31B.
- Comcast said the "superior" cash bid was a 16% premium to the existing offer from Twenty-First Century Fox (NASDAQ:FOX), which has also been trying to buy the 61% of Sky that it doesn't already own.
- CMCSA +1.7% premarket
- Previously: Comcast beats by $0.03, beats on revenue (Apr. 25 2018)
Comcast formalizes offer for Sky
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