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Comcast to obtain more than 75% of Sky shares

Comcast, the American cable TV company, to get more than 75% of Sky shares, coming nearer to accomplishing the $40 bln deal of taking over the Europe’s largest media firm, it said.

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In September Comcast overtook Twenty-First Century Fox of Rupert Murdoch in a long-distance race, winning Sky in the final auction.

According to today’s regulatory filing by Comcast, after the purchase of Fox’s 39% stake in Sky that is to be finalized by October 9, the firm will obtain or have got approvals for over 75% of British broadcaster’s shares.

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