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Comcast borrows $27 billion to fund Sky purchase

October 3, 2018 11.58 Europe/London By Julian Clover

Comcast has placed $27 billion in bonds as it looks to fund its $40 billion purchase of Sky.

The cable giant plans to fund the remainder of the purchase through term loans, according to a filing made on Tuesday.

The bond offer is the second largest of the year to date.

Investors have already indicated that they are prepared to take up $88 billion of debt.

Comcast’s extended bid to take control of Sky was completed last month with Rupert Murdoch’s 21st Century Fox indicating its willingness to sell its own 39% in the broadcaster.

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Filed Under: Finance, Newsline Tagged With: Comcast, Sky Edited: 3 October 2018 11:58

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About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on X @julianclover, or by email at jclover@broadbandtvnews.com.

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