Fox has a new deal to buy Sky at a higher price

Bob vs Brian: Which boss will win?

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 (FOX) is in a bidding war for Sky with Comcast (CCZ), which launched an offer for the UK company in April.

Fox’s new bid for Sky (SKYAY) 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

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