21st Century Fox to sell Sky stake to Comcast

The stage is now very much set for Comcast to take full control of Sky after 21st Century Fox  agreed to sell its 39% ownership in the European pay-TV provider to the cable giant.

21CF will sell the shares , with soon to be owner Disney’s blessing, at the £17.28 per-share price that Comcast has bid for the rest of the company. That bid values 21CF’s Sky holding at £11.63 billion.

Source: 21st Century Fox to sell Sky stake to Comcast

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