Comcast buys 29 percent of Sky shares, seeks to make further purchases

Comcast has acquired 29.1 percent of Sky shares, according to an official statement through the London Stock Exchange published Tuesday.

“As a result of its purchases, Comcast Bidco owns a total of 499,571,959 Sky Shares, representing approximately 29.1 per cent. of the ordinary share capital of Sky,” the statement said.

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

Comcast is usually today looking to make further purchases of Sky shares at a cost of £17.28 ($22.60) per share.

According to the statement, Comcast Bidco is usually unable to purchase Sky shares through shareholders “incorporated or located from the United States, or where the Sky Shares might be sold through the United States.”

The U.S. cable giant outbid rival Twenty-First Century Fox over the weekend, doing a superior bid of £17.28 per share for the British broadcaster.

—Disclosure: Comcast is usually the owner of NBCUniversal, parent company of CNBC in addition to

Leave a Reply

Your email address will not be published. Required fields are marked *


sixteen − 9 =