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Sky Shares Hit High Since 2000 In Bidding War

3 months ago0 views

LONDON (Reuters) - Sky (SKYB.L) shares leapt to an 18-year high on Thursday as investors bet a transatlantic battle for the European pay-TV group had further to run, after Comcast’s $34 billion bid trumped an offer from Rupert Murdoch made just hours earlier. Comcast (CMCSA.O), the world’s biggest entertainment group, said on Wednesday it had the backing of Sky’s independent directors for a 14.75 pounds-per-share offer that came just 16 hours after Murdoch’s 21st Century Fox (FOXA.

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