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LONDON: Comcast Corporation CMCSA, Sunday announced that Comcast had beaten back Rupert Murchoch's 21st Century Fox , which handled the bidding for new owner Disney, with the highest offer price in the auction to acquire the entire issued and to be issued share capital of Sky plc with an offer price of £17.28 per Sky share.
This implies a value of $40 billion (£30.6 billion) for the fully diluted share capital of Sky. Fox offered about $35 billion - or $20.63 a share, the LA Times reports.