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Comcast to stop buying Sky shares in the market

LONDON (Reuters) – Comcast, the victor in the $40 billion auction for Sky, said it had acquired 38 percent of the British pay-TV group’s shares and did not intend to make any further market purchases for now.

FILE PHOTO: The NBC and Comcast logos are displayed on 30 Rockefeller Plaza in midtown Manhattan in New York, U.S., February 27, 2018. REUTERS/Lucas Jackson/File Photo

Comcast beat Rupert Murdoch’s Twenty-First Century Fox in a rare auction held last weekend. Fox said on Wednesday it would sell its 39 percent stake in Sky to Comcast in a move that helps the U.S. group to complete the deal.

Reporting by Kate Holton; editing by Sarah Young

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