Stock market opened with modest gain on Wednesday marking third consecutive session in the upward gain
Philadelphia-based Comcast won a 24-hour auction conducted on Saturday by British regulators, reports latimes.com.
The company bid 17.28 pounds a share for control of the London-listed Sky, versus an offer of 15.67 pounds a share offer by Fox, the Takeover Panel said in a statement.
Rupert Murdoch's Fox, which handled the bidding for Disney, offered about $35 billion or $20.63 a share.
The Sky victory is a relief for Comcast's Chief Executive, Brian Roberts, who was twice spurned Murdoch when Roberts tried to buy much of 21st Century Fox. Instead, Murdoch made it clear that he wanted most of his entertainment empire to go to Burbank-based Disney.
Comcast's repeated overtures forced Disney Chief Executive Bob Iger to spend nearly $18 billion more than he initially planned, or $71.3 billion, to purchase the Fox assets. But with help from Fox, Iger succeeded in driving up the price that Comcast ended up paying for Sky.
If Comcast's winning offer of Comcast is approved, it will own the 61 per cent of Sky. Now, Disney will need to decide whether it will sell it's 39 per cent stake to Comcast, or if it will remain a minority partner, latimes.com reported.
Stock market opened with modest gain on Wednesday marking third consecutive session in the upward gain
Union warned it could order several days of strike action over a busy May holiday weekend if its demands are not met
Humidity is set to rise during the night and into Thursday morning
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The building in Muhaisnah 4 had suffered structural damage last week and has been sealed off as authorities conduct investigations
Al Ain, which knocked out Cristiano Ronaldo's Al Nassr in the quarterfinals, reached the final for the first time since 2016
Defeat leaves Chelsea still in ninth, three points adrift of the European places
Liverpool left some key players out of their starting line-up for Sunday's 3-1 win at Fulham