Twenty-First Century Fox Sells Stake in Sky to Comcast for $15 Billion
Yesterday, the Walt Disney Company agreed to allow Twenty-First Century Fox to sell its 39 percent share in Sky to Comcast for £17.28 per share, or more than $15 billion. This will reduce the debt Disney would inherit in its acquisition of Twenty-First Century Fox. This investment will also help Disney in its strategy to develop and distribute direct-to-consumer streaming video like the new ESPN+ streaming service launched this April.
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