Comcast Doesn’t Have to Raise Its Sky Bid—at Least for Now
Comcast Corp. doesn’t have to raise its offer for Sky Plc, at least not yet. A ruling from U.K. takeover authorities on Friday kept a floor price of 14 pounds per share for Sky, below the U.S. cable giant’s overall 26 billion pound ($34 billion) bid. Sky is caught up in a global fight for scale between Comcast and Disney.