The Sky shares auction process will involve three rounds of bidding, with the third round scheduled to accept best and final offers. Comcast was in the lead with an off of £14.74 per share, although Sky shares have been trading well above Comcast’s higher offer. This is because investors believe that the bidding war will see shares trading higher.
Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.
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