LONDON & PHILADELPHIA--(BUSINESS WIRE)--Comcast Corporation (Nasdaq: CMCSA) today published an announcement containing the terms of a second increased superior cash offer for the entire issued and to be issued share capital of Sky plc at £17.28 per share. This implies a value of $40.0 billion (£30.6 billion) for the fully diluted share capital of Sky. The announcement follows the conclusion of an auction process in relation to Sky in which Comcast prevailed with the highest offer price.

Comcast is pleased with the outcome of the auction and is excited by the opportunities that a combination of Sky and Comcast will bring to shareholders and consumers. Sky’s Independent Committee has unanimously recommended Comcast’s superior cash offer and urged its shareholders to accept immediately. The offer, which opened on July 13, remains open for acceptances by Sky shareholders until 1:00 p.m. (London time) on October 11, 2018.

Comcast has committed financing available to satisfy the full cash consideration payable to Sky shareholders under the terms of the acquisition. Comcast has received all required regulatory approvals to complete the acquisition.

Comcast published an offer document containing full terms and conditions of Comcast’s offer for Sky and the procedure for its acceptance on July 13, 2018. A revised offer document containing the second increased cash offer will be published and posted by no later than September 27, 2018 and will be available on Comcast’s website at www.cmcsa.com/proposal-for-sky. The acquisition is being implemented by Comcast Bidco Limited, an indirect wholly-owned subsidiary of Comcast.

This press release should be read in conjunction with the UK Second Increased Offer Announcement, which is available on Comcast’s website at www.cmcsa.com/proposal-for-sky.

About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is one of the nation’s largest video, high-speed internet, and phone providers to residential customers under the XFINITY brand, and also provides these services to businesses. It also provides wireless and security and automation services to residential customers under the XFINITY brand. NBCUniversal operates news, entertainment and sports cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures and Universal Parks and Resorts. Visit www.comcastcorporation.com for more information.