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.

PM Modi talks to Iran's President Pezeshkian; backs dialogue, diplomacy in West Asia

US Supreme Court upholds birthright citizenship, rejecting Trump's proposed limits

An “ocean of opportunity” and of competition

Atleast 14 children killed as roof of tutoring centre collapse in eastern Pakistan

Ayodhya temple fund row: Police interrogates arrested accused Avinash Shukla with Court’s permission

SCROLL FOR NEXT