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		</div><p>US cable group Comcast has confirmed an agreement to buy 21st Century Fox’s 39% stake in Sky for £11.6 billion after emerging victorious in the takeover for the pay TV giant.</p>
<p>Comcast said it will have the backing of more than 75% of shareholders in Sky after snapping up the stake held by Rupert Murdoch’s Fox for £17.28 each. Last week, Comcast bought Sky shares on the open market, building up a 37.7% stake in the group.</p>
<blockquote><p>£30bn	Comcast&#8217;s winning bid in the dramatic auction to buy Sky</p></blockquote>
<p>It comes after Comcast won the £30 billion bidding war over the British broadcaster in a rare auction held late last month by the City’s Takeover Panel. Its bid beat Fox’s £15.67 per share offer after the auction went to the maximum three rounds.</p>
<p>The Murdoch family will now relinquish their holding in Sky after launching the group nearly 30 years ago.<br />
Comcast’s victory means that Mr Murdoch has failed for a second time to gain full control of Sky.</p>
<p>But since Fox made its first bid for Sky nearly two years ago, it has agreed to sell a major chunk of its own business – including its existing 39% Sky stake – to Walt Disney, which has now rubber stamped the sale to Comcast.</p>
<p>Comcast owns NBC Universal and is the largest cable operator in the US. With the Sky takeover, Comcast will become the biggest pay-TV provider in the world, with around 52 million customers after adding Sky’s 23 million subscribers.</p>
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