September 25, 2018 / 6:35 AM / 2 months ago

Comcast buys 29.1 pct of Sky stock in market purchases

LONDON, Sept 25 (Reuters) - Comcast, the victor in the auction for Sky on Saturday, said on Tuesday it had bought 29.1 percent of the European pay-TV group’s shares in the market.

Comcast bid 17.28 pounds ($22.66) a share for Sky, beating a 15.67 pound offer from Rupert Murdoch’s Twenty-First Century Fox . Fox holds a 39 percent stake in Sky, which it is selling to Walt Disney as part of a separate deal.

Comcast said it was seeking to make further market purchases of Sky shares at a price of 17.28 per share.

It needs 50 percent of the stock plus one share to complete its takeover.

$1 = 0.7627 pounds Reporting by Paul Sandle, editing by Louise Heavens

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below