Comcast logo. (Photo | Reuters) 
Business

Comcast secures over 75 per cent of Sky shares

The company said a further announcement will be made in due course.

From our online archive

LONDON: Comcast said it had secured over 75 per cent of Sky's shares, bringing it closer to finalising the 40 billion USD takeovers of the British pay-TV group.

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 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 per cent stake completes, it will hold or have received acceptances in respect of over 75 per cent of Sky's share capital.

The company said a further announcement will be made in due course.

Trump says US will be out of Iran 'pretty quickly' as Tehran rubbishes claims of seeking ceasefire

West Asia conflict: PM reviews supply chains, price stability, diversification for LPG and LNG in CCS meeting

Amazon's cloud computing facility in Bahrain hit in Iranian strike, reports Financial Times

Bengal elections: Voters whose names were deleted from electoral rolls after SIR, gherao judicial officers in Malda

IndiGo revises fuel charges by up to Rs 950 for domestic flights after jet fuel price hike

SCROLL FOR NEXT