12-12-2016 15:22 via uk.news.yahoo.com

Fox to bid for Sky this week via scheme of arrangement - sources

By Sophie Sassard LONDON (Reuters) - Rupert Murdoch's Twenty-First Century Fox aims to make a firm cash bid for British broadcaster Sky this week, valuing the company at 10.75 pounds per share, several people familiar with the matter said on Monday. Fox and Sky have agreed to press ahead with a scheme of arrangement which could make it easier for Fox to get the deal approved as it requires just 75 percent of approval from shareholders, said the sources. Murdoch is also expected to keep Sky's chi
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