Comcast acquires over 75 per cent of Sky shares - TVBEurope

Comcast acquires over 75 per cent of Sky shares

Company had previously said it expects to complete the acquisition by the end of October
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Comcast has announced it has now secured over 75 per cent of Sky's shares, bringing it closer to completing its buyout of the broadcaster.

The US company had previously said it hoped to complete the acquisition by the end of the month.

Comcast said in a regulatory filing on Thursday that by 9th October when its acquisition of 21st Century Fox's 39 per cent stake completes, it will hold or have received acceptances in respect of over 75 per cent of Sky's share capital.

The company said a further announcement will be made in due course.

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