Comcast Challenges Murdoch With Rival Bid For UK-Based Sky

LONDON (AP) — U.S. media giant Comcast offered Wednesday to buy British broadcaster Sky Plc for 22 billion pounds ($30 billion), topping a controversial bid from Rupert Murdoch’s 21st Century Fox.
The move opened up the possibility of a bidding war for Sky, whose stock spiked 4.4 percent to 13.63 pounds on the news of the offer. Sky immediately withdrew its recommendation to its shareholders to accept the Fox bid.
Sky is based in London but has strong news and pay-TV operations acros