Jul 19, 2018

Comcast likely to be new owner of Sky

Comcast is likely to be the new owner of Sky, BBC Business Editor Simon Jack has learned. Sky News would continue as Comcast has guaranteed to fund the channel at its current level for ten years. Buying Sky would make Comcast the world's biggest pay TV network and would reduce its dependence on the US market. The complicated takeover situation between Disney, Fox and Comcast became clearer earlier, when Comcast abandoned its pursuit of 21st Century Fox's film and television assets. A source at Sky told the BBC's Simon Jack: "It looks like there's been a bit of horse trading going on and the markets are telling us that the battle for Sky may be over".

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