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Comcast to begin compulsory buyout of remaining Sky shares

Comcast Corp. will shortly begin the compulsory buyout of the remaining shares of Sky PLC that it does not already own.

Comcast, which just closed its acquisition of a majority stake in the British pay TV operator, had received from Sky shareholders acceptances of its takeover offer representing about 95.32% of the existing issued share capital, as of Oct. 11.

The U.S. cable giant recently closed a $27 billion notes offering to help finance its acquisition of Sky.