Source:
https://scmp.com/news/world/europe/article/2053470/murdochs-twenty-first-century-fox-bids-us14-bln-uks-sky
World/ Europe

Murdoch’s Twenty First Century Fox bids US$14 bln for UK’s Sky

Rupert Murdoch’s Twenty-First Century Fox has struck a preliminary deal to buy the 61 per cent of British pay-TV firm Sky Plc it does not already own for around US$14 billion, five years after a political scandal wrecked a previous bid.

The proposed offer of 10.75 pounds a share in cash is backed by Sky’s independent directors and would strengthen the position of James Murdoch - who is both chief executive of Fox and chairman of Sky - in his 85-year-old father’s media empire.