Comcast secures over 75 percent of Sky shares
LONDON (Reuters) – Comcast (CMCSA.O) said it had secured over 75 percent of Sky’s (SKYB.L) shares, bringing it closer to finalizing the $40 billion takeover of the British pay TV group.
FILE PHOTO: The NBC and Comcast logos are displayed on 30 Rockefeller Plaza in midtown Manhattan in New York, U.S., February 27, 2018. REUTERS/Lucas Jackson/File Photo
U.S. cable company Comcast has previously said it hoped the acquisition would complete by the end of October.
Last month, Comcast emerged triumphant in the long-running battle for Sky after it beat Rupert Murdoch’s Twenty-First Century Fox (FOXA.O) in an auction.
Comcast said in a regulatory filing on Thursday that by Oct. 9 when its acquisition of Twenty-First Century Fox’s 39 percent stake completes, it will hold or have received acceptances in respect of over 75 percent of Sky’s share capital.
The company said a further announcement will be made in due course.
Reporting by Sarah Young, Editing by Paul Sandle
