LONDON (Reuters) – Comcast <CMCSA.O>, the victor in the auction for Sky <SKYB.L> on Saturday, said on Tuesday it had bought 29.1 percent of the European pay-TV group’s shares in the market.
Comcast bid 17.28 pounds ($22.66) a share for Sky, beating a 15.67 pound offer from Rupert Murdoch’s Twenty-First Century Fox <FOXA.O>. Fox holds a 39 percent stake in Sky, which it is selling to Walt Disney <DIS.N> as part of a separate deal.
Comcast said it was seeking to make further market purchases of Sky shares at a price of 17.28 per share.
It needs 50 percent of the stock plus one share to complete its takeover.
(Reporting by Paul Sandle, editing by Louise Heavens)
Brought to you by www.srnnews.com