Fox will sell remaining Sky stake to Comcast for around $15 billion

Fox will sell remaining Sky stake to Comcast for around $15 billion

7 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/09/26/fox-will-sell-sky-stake-to-comcast.html

21st Century Fox will sell the remainder of its stake in U.K.-based broadcaster Sky, the company announced on Wednesday, just days after Comcast out dueled Fox in a takeover bid.

Comcast and Fox have been embroiled in a bidding war for Sky, which is viewed as a coveted international asset in the pay-TV industry. On Saturday, the companies squared off in a rare one-day auction to settle who would own the British broadcast giant.