- Sky received a £22.1bn takeover bid from US media conglomerate Comcast that trumped an existing offer for the pay-TV broadcaster 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.

Sky, meanwhile, noted Comcast's announcement and urged its shareholders to sit tight for now.

'Since no firm offer has been made at this point, shareholders are advised to take no action,' Sky said.

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

At 1:09pm: [LON:SKY] Sky Plc share price was +239.75p at 1344.75p

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