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.