Rupert Murdoch sells 39% Sky stake to Comcast for £11.6bn

Rupert Murdoch’s long association with Sky has come to an end after the media mogul confirmed he would sell his  stake in the satellite broadcaster to Comcast for £11.6bn.
Murdoch launched the subscription television service three decades ago and retained a 39% stake in the business via 21st Century Fox. However, Sky shareholders accepted a £30bn takeover bid from Comcast late last week, bringing an end to a lengthy bidding war. 
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