21st Century Fox agrees to sell Sky stake to Comcast for GBP 11.6 billion

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(Telecompaper) 21st Century Fox has agreed to sell its 39 percent stake in European pay-TV provider to Comcast, after losing out in the auction to buy Sky to the US cable operator. At Comcast’s offer of GBP 17.28 per Sky share, 21CF’s stake is worth GBP 11.6 billion (over USD 15 billion). 
Source: Industry News (syndicated from Telecompaper.com)

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