Sky buyout: Comcast holds 30% of shares one day after its offer of €19.38 per share

Comcast, a US media conglomerate and cable operator, has announced that it owns 30% of the UK television group Sky, one day after its takeover offer of £17.28 (£19.38) per share, or £30.6bn (€34.3m) in total, on 25/09/2018.

Comcast, in competition with another US conglomerate, 21^st Century Fox, for the acquisition of Sky, won an auction procedure involving both companies on 22/09/2018. 21^st Century Fox had made an offer of £15.67 per share.

"This acquisition will allow us to quickly, efficiently and meaningfully increase our customer base and expand internationally. We couldn’t be more excited by the opportunities in front of us. We now encourage Sky shareholders to accept our offer, which we look forward to completing before the end of October 2018," said Brian L. Roberts, chairman and CEO of Comcast, on 22/09/2018.

• "Comcast does not intend to pursue further the acquisition of the Twenty-First Century Fox assets and, instead, will focus on our recommended offer for Sky," said the US media conglomerate and cable operator, on 19/07/2018.
  
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