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Following its auction victory, Comcast began to acquire Sky shares from the open market. On 26 September 2018, Fox subsequently announced its intent to sell all of its shares in Sky plc to Comcast for £12 billion. [97] [96] On 4 October 2018, Fox completed the sale of their shares, giving Comcast a 76.8% controlling stake at the time. [98]
On February 27, 2018, Comcast offered to purchase 61% stake in Sky plc at a value of £12.50 per-share, approximately £22.1 billion. 21st Century Fox, which owns 39% stake in Sky, had previously declined a US$60 billion acquisition offer by Comcast in favor of its deal with Disney, due to anti-competition concerns.
Following its auction victory, Comcast began to acquire Sky shares from the open market. On September 26, 2018, Fox subsequently announced its intent to sell all of its shares in Sky plc to Comcast for £12 billion. [78] [79] On October 4, 2018, Fox completed the sale of its shares, giving Comcast a 76.8% controlling stake at the time. [80]
Comcast, the biggest cable operator in the U.S., offered on Tuesday a $31 billion offer to buy Sky, challenging a previous offer from Rupert Murdoch's Fox.
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Comcast said it had secured over 75 percent of Sky's shares, bringing it closer to finalizing the $40 billion takeover of the British pay TV group. U.S. cable company Comcast has previously said ...
QVC: Comcast sold its majority stake to Liberty Media in 2003 Speed Channel : joint venture with Cox Communications and Fox Entertainment Group ; Fox acquired Comcast and Cox's stakes in 2001 Time Warner Entertainment (26%, with Time Warner Inc.): Comcast sold its 26% stake to Time Warner Inc. (now Warner Bros. Discovery ) in 2003.
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