Image for representational purpose only. 
Business

21st Century Fox to sell its 39 percent stake in Sky to Comcast

The move comes days after Comcast made a successful bid of £30.6 billion ($40 billion) for a controlling stake in Sky.

From our online archive

Rupert Murdoch's 21st Century Fox said Wednesday it had agreed to sell its 39 percent stake in Sky to Comcast, giving the US cable and media giant full control of the British pay TV giant.

The move comes days after Comcast made a successful bid of £30.6 billion ($40 billion) for a controlling stake in Sky.

Fox, which is in the process of selling key media-entertainment assets to Walt Disney Co., said in a statement that Disney had agreed to the sale of the stake, worth an estimated $15 billion.

LIVE | Dream big to achieve goal of Viksit Bharat by 2047: PM Modi's I-Day address

Exclusive | Second instance of AI flight hydraulic fault in 10 days

Freedom to demand accountability

Space is now thrown open to all

Defence export as strategic freedom

SCROLL FOR NEXT