Sky reaches higher on renewed bid rumours

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Sky reaches higher on renewed bid rumours
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Shares in Sky (LON:SKY) rose to the top of the leader board this morning, after reports suggested that 21st Century Fox is planning a knockout bid of around £25 billion.

Fox, which owns 39% of Sky already, is expected to bid for the remainder of the broadcaster at a price in excess of Comcast’s offer of £12.50 a share, once it has received final approval from the UK Government in the coming days, according to the Financial Times.

Shares in Sky were 30.5p higher at 1,499p as at 14:13 BST.

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