Comcast becomes majority owner of Sky

Comcast became the majority owner of Sky on Tuesday after buying up all the shares held by 21st Century Fox.

The US cable group owns approximately 76.84% of Sky shares and said the conditions of its offer for the UK broadcaster have now been satisfied and its mandatory offer is also wholly unconditional.

The offer will remain open for acceptance until further notice, with at least 14 days' notice to be given by an announcement before it is closed.

"We are pleased today to be the majority owner of Sky," said Brian L Roberts, chairman and chief executive of Comcast.

"Led by Jeremy Darroch and his superb team - now together with Comcast - our combined global leadership in technology and content paves the way for us to accelerate investment and growth in Sky's brand and premier platforms. We are also fully committed to ensuring Sky News' future, maintaining its editorial independence, and preserving its strong track record for trusted, high quality, impartial news."