Deals
Comcast Doesn’t Have to Raise Its Sky Bid—at Least for Now
- U.K. Takeover Panel reaffirms floor price for Sky in ruling
- Comcast and Disney both want Sky to boost global scale
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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.