Sky withdraws recommendation for Fox bid after higher Comcast offer | Reuters

The independent directors of pay-TV group Sky (SKYB.L) said they were withdrawing their recommendation of a takeover bid from Rupert Murdoch’s Fox (FOXA.O) after U.S. cable company Comcast Corp (CMCSA.O) trumped it with a 22 billion pound ($30.68 billion) offer.
— Read on www.reuters.com/article/us-sky-m-a-comcast-board/sky-withdraws-recommendation-for-fox-bid-after-higher-comcast-offer-idUSKBN1HW1FY