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Fox/Disney to sell Sky stake to Comcast

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Twenty-First Century Fox and its backer Disney announced Wednesday plans to sell its 39 percent stake in Sky to Comcast.

The move clears Comcast to move forward with its $40 billion acquisition of the British satellite TV giant.

Disney stands to gain $15.3 billion for Fox's portion of Sky, according to the Philadelphia Business Journal.

Read more from the Philadelphia Business Journal.

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