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Media

Comcast beats Fox to win Sky takeover auction

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By Stephen Lepitak, -

September 22, 2018 | 2 min read

Comcast has beaten Fox to win the takeover bid for Sky, which is set to cost $39bn.

Sky

Comcast beats Fox to win Sky takeover bid

The auction between the two media conglomerates saw the cable company win with a bid $3bn higher than its rival, owned by Rupert Murdoch, according to the takeover panel.

The auction marked the end of a bidding war that began back in February.

Murdoch already owned a 38% stake in Sky and had begun to lay claim to the full company as far back as December 2016.

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