With $39 Billion Bid, Comcast Beats Out Fox in Auction for Control of Sky

Twenty-one months after 21st Century Fox first began trying to buy the remaining 61 percent stake in European media giant Sky that it didn't already own, the company has lost an auction with Comcast for control of Sky. Comcast came out on top with a $39 billion bid, easily besting Fox's $32 billion offer. Fox...