Comcast gazumps Murdoch/Disney with £22 billion bid for Sky

Giant US telco Comcast has upstaged Rupert Murdoch by offering £12.50 per share – around £22 billion – for Sky.
Murdoch’s 21st Century Fox bid £10.75 per share for Sky back in 2016 but the process has been bogged down by UK regulatory concerns that have called into question the prospect of it ever succeeding. Comcast seems to have taken advantage of this lull to swoop for the pay TV company and it wouldn’t be surprising to see Murdoch throw in the towel