Comcast Buys Up 30% Of Sky Shares & Hopes To Close Takeover By End Of October

Comcast has secured more than 30% of Sky shares – three days after agreeing to pay $40B for the European pay-TV giant. The move means that the NBC Universal owner must now offer to buy out other investors at the formal offer price of £17.28. The company, in a note to the London Stock Exchange, said that it was now "seeking to make further market purchases of Sky Shares". The company is hoping to wrap up a deal to acquire at least 50% of the shares in the company by the…

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