12th Sep 2018 18:01
LONDON (Alliance News) - Comcast Corp on Wednesday said the cash offer made by its subsidiary for UK pay-TV operator Sky PLC has been further extended.
The subsidiary, Comcast Bidco Ltd, said that its GBP25.9 billion recommended offer has been extended to October 6, having receiving valid acceptances from just 5.2 million shares or only 0.29% of Sky's issued capital.
The offer was already extended in August, when only 3.8 million shares or 0.2% of capital accepted the deal.
Shares in Sky closed flat at 1,545.00 pence on Wednesday.
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