Comcast Corp, the biggest cable operator in the United States, offered to pay 22.1 billion pounds or $31 billion to buy UK pay-TV company Sky Plc.
Rupert Murdoch’s Twenty-First Century Fox Inc and Bob Iger’s Walt Disney Co also want to gain control of the company.
The market capitalization of Comcast is estimated at $ 184 billion. It owns NBC and Universal Pictures. The company is ready to pay 12.5 pounds per Sky’s share, which is 16% more than 10.75 pounds offered by Fox.
Shares in Sky jumped by more than 18% on the back of the reports of Comcast's offer.
In December 2016, Twenty-First Century Fox Inc, which owns about 39% of Sky, offered to buy out the remaining 61% stake in the broadcaster. Sky agreed to the deal, but the takeover was postponed due to the fact that the regulators concluded that after the deal Fox would get too much influence on public opinion in the country.
