Murdoch’s Fox beats Comcast with agreed $32.5 billion bid for Sky

Murdoch’s Fox beats Comcast with agreed $32.5 billion bid for Sky

Rupert Murdoch. Reuters LONDON — Rupert Murdoch’s 21st Century Fox says it has agreed to buy Britain’s Sky in a deal valuing the pay-TV group at $32.5 billion, trumping a rival offer from the US group Comcast. The battle for Britain’s leading pay-TV group reflects major shifts in the global entertainment industry as the world’s…