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Comcast Buys 29.1% Stake In Sky - Quick Facts


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(RTTNews.com) - Comcast Corp. (CMCSK, CMCSA) announced Tuesday that its indirect unit Comcast Bidco Limited has acquired 499.57 million shares of Sky Plc (BSY.L, SKY.L) in the market for a price of 17.28 pounds per share.

In aggregate, this represents approximately 29.1 percent of the ordinary share capital of Sky in issue.

As a result of its purchases, Comcast Bidco owns approximately 29.1 percent of the ordinary share capital of Sky.

Comcast Bidco is seeking to make further market purchases of Sky Shares at a price of 17.28 pounds per share.


Read the original article on RTTNews (http://www.rttnews.com/2937743/comcast-buys-29-1-stake-in-sky-quick-facts.aspx)


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This article appears in: World Markets , Economy , Technology , US Markets , Stocks



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