Los Angeles Times

Sky agrees to sweetened £24.5bn takeover offer from Fox

Rupert Murdoch’s 21st Century Fox has agreed to new terms to acquire Sky, the pan-European TV group, in a deal worth £24.5 billion that is designed to see off a rival offer from US media giant Comcast.

When companies say a merger will result in lower prices, try laughing in their face

The next time a big company, and especially a telecom company, tells lawmakers and regulators that a multibillion-dollar merger will result in lower prices for consumers, I hope everyone in the room breaks out in laughter.