Oct 9, 2018

Comcast completes Sky deal

Comcast has completed its £30bn takeover of Sky after acquiring more than 75 per cent of the shares in the European media group. Comcast had set an acceptance condition of 50 per cent and one share of Sky and secured the necessary level of acceptances three weeks after winning an auction for the company, when its £17.28 a share bid beat rival blew a rival £15.67 a share offer from Walt Disney. "We are pleased today to be the majority owner of Sky. Led by Jeremy Darroch and his superb team - now together with Comcast - our combined global leadership in technology and content paves the way for us to accelerate investment and growth in Sky's brand and premier platforms," said Brian Roberts, Comcast's chief executive. Jeremy Darroch, Sky's chief executive, said the company would work with Comcast "To achieve further growth and development of Sky's business". Get alerts on Comcast Corp when a new story is published.

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