Comcast buys more than 30 percent of Sky shares after auction win over Fox

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Comcast has acquired more than 30 percent of Sky shares, the company said Tuesday, following its triumph over Fox at a weekend takeover auction.

The firm now owns a total of almost 516 million shares of Sky, according to an official statement from the London Stock Exchange. It says it will continue to make further purchases of Sky shares at a price of £17.28 ($22.60) per share.

“Comcast Bidco will continue to acquire Sky Shares in the market from eligible shareholders outside the United States at up to and including £17.28 in cash for each Sky Share,” the statement said.

Comcast Bidco is an indirect, wholly-owned subsidiary of Comcast Corp.

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