Comcast debt deal

COMCAST has raised £21bn to help finance its blockbuster takeover of British broadcaster Sky.

The owner of Universal Studios raised the cash through bonds ranging from two to 40year maturities.

It comes after it beat Rupert Murdoch’s 21st Century Fox and Disney in a bidding war for Sky, paying £ 31bn. Comcast is also set to hand Fox £11.6bn for its 39pc stake in Sky.

Its bond issue was the fourth largest on record. However it will take its net debt to more than £ 83bn, analysts say, making it one of the most heavily-indebted firms in the world.