Comcast Makes $31B Rival Bid For Pay-TV Giant Sky

Let the battle commence. Comcast is officially looking to spoil Rupert Murdoch’s takeover of Sky by launching a rival offer of 30B (£22B). The U.S.’s largest cable company Comcast has made a formal £12.50 a share offer for the pan-European broadcaster that values it at £22bn. To date, Fox has offered £10.75 a share and has separately agreed to sell its entertainment assets — including Sky — to DisneyFox owns 39% of Sky and put in its bid to take full control at the end…

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