1. Comcast Challenges Murdoch and Disney with $31 Billion Offer for Sky

    Comcast Challenges Murdoch and Disney with $31 Billion Offer for Sky

    LONDON (Reuters) - U.S. cable giant Comcast (CMCSA.O) offered to buy Sky (SKYB.L) for $31 billion in an unsolicited approach, taking on Rupert Murdoch's Fox and Bob Iger's Walt Disney in the battle for Europe's biggest pay-TV group...

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    1. Sky and Comcast are a perfect fit: we are both leaders in creating and distributing content.
    2. Once you're in a bidding war, it's not about fair value, it's about what do you think it's worth.
    3. We would like to own the whole of Sky and we will be looking to acquire over 50 percent of the Sky shares.
    4. Our strong market positions are complementary with Sky's leadership in Europe enhancing our preeminent position in the U.S..
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