What the Sky Auction Could Mean for Comcast
Although Comcast (CMCSA) and 21st Century Fox (FOX) have ironed out their differences over the Big Ten Network carriage issue, the competition between the two is not yet over. The two companies are still in the race to buy British broadcaster Sky, and the deadline to clinch the deal is fast approaching. Comcast is seeking to buy Sky for $34.0 billion, meaning its bid values the broadcaster at 14.75 pounds per share.