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Comcast Doesn’t Have to Raise Its Sky Bid—at Least for Now

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.