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James Murdoch quits Sky as Comcast takes control

James Murdoch has resigned from the board of Sky plc, owner of Sky News, as Comcast takes majority control in a ?29.7bn deal.
Mr Murdoch's departure together with that of six other directors was announced by Sky shortly after Comcast said it was now the majority owner of the company.
US giant Comcast last month won a bidding war for Sky when it offered €17.28 per share, beating a €15.67 valuation from 21st Century Fox in a rare auction process conducted by the UK's Takeover Panel.Fox already had a 39% stake in Sky and had been aiming to take full control of the company - which was launched by Fox's executive chairman Rupert Murdoch in 1989.
James Murdoch quits Sky as Comcast takes control

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Sky is now majority owned by Comcast
But four days after the auction, Fox agreed to sell the stake and the completion of the transaction on Tuesday means Comcast now owns 77% of the company.The resignation of Rupert Murdoch's son James was announced shortly afterwards, together with that of fellow directors John Nallen, Chase Carey, Martin Gilbert, Andy Sukawaty, Tracy Clarke and Katrin Wehr-Seiter.James Murdoch had been chairman of Sky since April 2016, having previously served as chief executive from 2003 to 2007 and in a previous spell as chairman from 2007 to 2012.:: The end of an era as Rupert Murdoch's 21st Century Fox exits Sky
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