How Comcast and Fox Stocks Are Performing amid Bidding War
The battle for London-based pay-TV company Sky got fierce after US rivals Comcast (CMCSA) and Twenty-First Century Fox (FOXA) upped their stakes as the companies look to expand their portfolios with premium media assets. Yesterday, Comcast raised its bid to 26 billion pounds (or $34 billion) for Sky, topping the offer that Fox made on Wednesday morning.