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Sky ends support for Murdoch’s takeover bid

London (AFP) – Sky, the pan-European satellite TV group, on Wednesday withdrew support for a full takeover by Rupert Murdoch’s 21st Century Fox group after US cable giant Comcast formally tabled a higher offer.

Comcast formalised Wednesday its £22 billion ($30.7 billion, 25.1 billion euros) bid for Sky, which had been subject of an inferior offer on a per-share basis from 21st Century Fox for the 61 percent of Sky it does not own.

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