Comcast has officially acquired 21st Century Fox's 39 per cent stake in Sky.
The acquisition allows Comcast to take full ownership of Sky. Comcast won the auction for Sky valuing the company at £29.7 billion.
"We are pleased today to be the majority owner of Sky. 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," said Brian Roberts, chairman and CEO of Comcast, said in a statement.
"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," he added.
Following the announcement, James Murdoch was among a number of directors who resigned from the board of Sky.
Jenny has worked in the media throughout her career, joining TVBEurope as editor in 2017. She has also been an entertainment reporter, interviewing everyone from Kylie Minogue to Tom Hanks; as well as spending a number of years working in radio. She continues to appear on radio every week and occasionally pops up on TV.
Thank you for signing up to TV Tech. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.