21st Century Fox said Wednesday that it has reached a new deal to buy Sky that values the UK broadcaster around £24.5 billion ($32.5 billion).
Fox ( is in a bidding war for Sky with )Comcast (, which launched an offer for the UK company in April. )
Fox’s new bid for Sky ( of £14 ($18.60) per share is 12% higher than Comcast’s. )
This is a developing story
CNNMoney (Hong Kong) First published July 11, 2018: 3:01 AM ET