
US media giant enters bidding war for Sky
Comcast has raised the prospect of a bidding war for Sky, the owner of Sky News, by announcing plans for a £22.1bn takeover offer.The US cable operator confirmed its interest in taking a majority stake as a 21st Century Fox deal to buy the 61% of Sky it does not already own remains held up by regulatory clearances.Comcast said its possible all-cash offer of £12.50 per Sky share represented a premium of 16% on the current Fox terms, which value Sky at £18.5bn.The announcement saw Sky's share price soar. It closed the day up 20.4% at £13.30.Comcast's interest further complicates the uncertainty over Sky's future ownership as Fox has agreed to sell its entertainment assets to Disney - including its 39% Sky stake - for $ 52bn (£37bn).Video:Murdoch: Fox 'returning to roots' Brian Roberts, chief