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Comcast raises Sky offer in challenge to Fox

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Comcast Corp. raised its bid for European pay-TV giant Sky PLC shortly after rival 21st Century Fox did the same.

Comcast's latest offer values Sky at $34 billion, ahead of Fox's bid that values it at $32.5 billion.

Fox already owns 39 percent of Sky, according to Dow Jones Newswires.

Read more from Dow Jones Newswires.

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