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The announcement in December of last year that Rupert Murdoch’s 21st Century Fox was positioned for a full takeover of Sky was hardly one of the most popular deal announcements of 2016, and most certainly the least surprising. The £11.7bn bid has proved to be a contentious one, and Murdoch and co. have now reached one of their first major hurdles in the deal process in the form of competition authorities. Fox… Read More
Sky has reached an agreement on the terms of a full takeover from Rupert Murdoch’s 21st Century Fox. The deal has been met with controversy since rumours first began circulating, however both parties have now agreed that Fox will pay £11.7bn for the 61 per cent stake in Sky that it does not already own, valuing the FTSE 100 company at £19bn. The acquisition will combine Fox’s film and television influence with… Read More