Comcast

Comcast

Comcast beats its long-term rival Twenty-First Century Fox in an auction to purchase British Broadcaster Sky, valued at $39 billion. In the rare auction held by British regulators, the U.S. based cable giant offered £17.28 ($22.59) share which surpassed Fox’s offer of £15.67 (over $20) after three rounds of bidding. The bidding battle between two of America’s largest media companies over the coveted overseas competitor lasted for a long period,