Comcast has announced it has purchased more than 30 per cent of shares in Sky plc.
It follows the US cablenet’s victory in Saturday’s auction against rival Fox.
Comcast’s £17.28 per share offer values the company at more than £30.45 billion.
The Comcast offer is now mandatory under UK takeover rules.
Fox continues to hold 39 per cent of Sky and while it has said it would be prepared to continue as a minority shareholder, Comcast has also indicated it would consider working alongside a partner.
