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Comcast £12.50-A-Share Offer For Sky Sets Stage For Takeover Battle With Rupert Murdoch’s 21st Century Fox

Comcast £12.50-A-Share Offer For Sky Sets Stage For Takeover Battle With Rupert Murdoch’s 21st Century Fox

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Comcast, America’s largest cable company, has made a formal £12.50-a-share offer for Sky that values it at £22bn ($31bn), setting the stage for a takeover battle with Rupert Murdoch’s 21st Century Fox, which is also bidding for the pan-European media company. Separately, Japan’s Takeda Pharmaceutical has reached a preliminary agreement to buy Irish drugmaker Shire for about £46bn, a deal that could spark a renewed wave of “big pharma” deals. (FT)

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