 On 19 June 2018, Disney formally agreed to acquire Sky News as part of Fox's proposed bid, with a 15-year commitment to increase its annual funding from £90 million to £100 million.On 11 July 2018, Fox increased its bid for Sky to £14.00 per-share, valuing it at £24.5 billion.Comcast subsequently counterbid just hours later with an offer at £14.75 per-share, valued at £26 billion.