Fox plans to sell stake in Sky to Comcast for $15B

Fox plans to sell stake in Sky to Comcast for $15B

7 years ago
Anonymous $oIHRkISgaL

https://apnews.com/61149ff439e34a34b369ca9b602357ac

NEW YORK (AP) — 21st Century Fox will sell its remaining stake in British pay TV provider Sky to Comcast in the latest financial wrangling as Disney prepares to acquire Fox's entertainment assets.

Over the weekend, Comcast won a rare bidding auction for 61 percent of Sky offering 17.28 pounds per share, almost 30 billion pounds ($39 billion). Fox will sell its 39 percent stake to for 11.6 billion pounds ($15.25 billion).