https://www.businesswire.com/news/home/20180922005035/en/

LONDON & PHILADELPHIA--(BUSINESS WIRE)--Sep 22, 2018--Comcast Corporation (Nasdaq: CMCSA) today published an announcement that Comcast has prevailed with the highest offer price in the auction to acquire the entire issued and to be issued share capital of Sky plc (“Sky”) with an offer price of £17.28 per Sky share (the “UK Auction Results Announcement”). This implies a value of $40.0 billion (£30.6 billion) for the fully diluted share capital of Sky. Today’s announcement ends the competitive bidding process for Sky.

Comcast Chairman and CEO Brian L. Roberts said: “This is a great day for Comcast. Sky is a wonderful company with a great platform, tremendous brand, and accomplished management team. This acquisition will allow us to quickly, efficiently and meaningfully increase our customer base and expand internationally. We couldn’t be more excited by the opportunities in front of us. We now encourage Sky shareholders to accept our offer, which we look forward to completing before the end of October 2018.”