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How Comcast Could Grow after Getting Full Control of Sky

How Comcast Could Grow after Getting Full Control of Sky

The fierce battle between US cable and media company Comcast (CMCSA) and 21st Century Fox (FOXA) for the European pay-TV company Sky has finally ended with Comcast emerging as the winner. Last weekend, Comcast got hold of the 61% stake in Sky after a two-day auction. Then on September 26, Walt Disney (DIS) and Fox agreed to sell their 39% stake in Sky to Comcast. The deals thus gave Comcast full control over Sky at a price of 17.28 pounds per share, which values the company at around $54.1 billion.