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21st Century Fox raises offer for Sky

Rupert Murdoch's 21st Century Fox has increased its offer for UK broadcaster Sky to £24.5 billion.
 
This tops a previous offer from rival bidder Comcast and is part of an escalating battle between media companies, including Disney.
 
Fox is expecting to obtain regulatory approval in the UK for the deal this week.
 
The firm has been waiting for the go-ahead from the government before putting the deal to shareholders.


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