Comcast announces rival Sky takeover bid of £22bn

US media giant Comcast has announced a £22 billion rival bid for Sky in a move that threatens Rupert Murdoch's £11.7 billion deal to take full control of the pay-TV group.

US media giant Comcast has unveiled a £22 billion rival bid for Sky in a move that threatens Rupert Murdoch's deal to take full control of the pay-TV group.

Comcast said its cash offer is worth £12.50 a share - a 16% hike on the £10.75 a share offered by 21st Century Fox under its £11.7 billion deal to buy the remaining 61% of Sky is does not already own.