- Pay-TV broadcaster Sky became the subject of a £22.1bn takeover bid from US media conglomerate Comcast.

The offer trumped an existing bid for Sky from Rupert Murdoch's 21st Century Fox.

Comcast said its cash offer of £12.50 per share offered Sky shareholders a 16% premium to the 21st Century Fox offer.

At 0915 GMT, Sky had not posted a formal response to news of the offer.

Earlier on Tuesday, Sky said in a separate and unrelated announcement that it had formed a new partnership with music subscription service Spotify.

At 9:18am: [LON:SKY] Sky Plc share price was +209.5p at 1314.5p

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