Comcast Finalizes Agreement for Fox's Sky Stake
Comcast and Fox have finalized a deal for Fox's minority stake in Sky, Comcast said Thursday. It said in an SEC filing that it will purchase Fox's 672.78 million common shares of Sky -- representing a 39.12 percent ownership stake…
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-- for roughly $15.13 billion. It said the sale is scheduled to close Tuesday. Fox and Comcast had been in a bidding war for Sky, until Fox said it wouldn't make a counteroffer to a Comcast auction bid accepted by Sky's independent committee (see 1809260019).