Fox to sell its entire share in Sky to Comcast

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21st Century Fox will sells its 39% stake in Sky to Comcast, its been confirmed.

The move follows Comcast ousting Fox in a a winning bid of £30 billion for Sky over the weekend. This will see Rupert Murdoch ending his association with Sky after almost three decades.

Fox has accepted Comcast’s £17.28 a share offer, which was relatively higher than its own worth £15.67 a share.

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