Money - International
Comcast buys 29.1pc of Sky stock in market purchases
The NBC and Comcast logo are displayed on top of 30 Rockefeller Plaza, formerly known as the GE building, in New York July 1, 2015. REUTERS/Brendan McDermid/File Photo

LONDON, Sept 25 — Comcast, the victor in the auction for Sky on Saturday, said today it had bought 29.1 per cent of the European pay-TV group's shares in the market.

Comcast bid £17.28 pounds a share for Sky, beating a £15.67 offer from Rupert Murdoch's Twenty-First Century Fox . Fox holds a 39 per cent stake in Sky, which it is selling to Walt Disney as part of a separate deal.

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Comcast said it was seeking to make further market purchases of Sky shares at a price of 17.28 per share.

It needs 50 per cent of the stock plus one share to complete its takeover. — Reuters

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