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

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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Filed in Consumer Services, Entertainment and Streaming, Industry Announcements, Mergers and Acquisitions, News, Revenue and Sales, Subscription Apps

Dana E. Neuts

Dana Neuts is Subscription Insider's Editorial Director, covering our daily subscription news as well as member features, case studies, premium content, and reports. Dana is also a writer, editor, marketer and communications professional. Her work has appeared in AARP Bulletin, The Seattle Times, Seattle Business, 425 Business, 425 Magazine, South Sound Magazine, Northwest Travel and more. Her specialties include business writing, community news, senior issues, travel and, of course, subscriptions!