US media giant Comcast raised its bid for pan-European TV group Sky late Wednesday, topping the latest offer from 21st Century Fox made earlier in the day.

Comcast on Wednesday offered $65 billion for key film and television assets of Rupert Murdoch's 21st Century Fox, topping an offer from Walt Disney Co. for a deal that could create a dominant media-entertainment power.

WASHINGTON - Comcast Corp. has reached a $45 billion stock deal to buy Time Warner Cable, in a move that would merge the two biggest cable operators in the United States, US media reported Wednesday.