09-12-2016 18:25 via news.yahoo.com

Murdoch's Twenty-First Century Fox bids $14.1 billion for UK's Sky

Rupert Murdoch's Twenty-First Century Fox Inc has made a $14.1 billion bid for the remaining shares of European pay-TV group Sky Plc that the U.S. company does not already own, the British broadcaster said on Friday. Fox is Sky's largest shareholder, with a 39.1 percent stake, according to Thomson Reuters data. By owning all of Sky, Fox, whose cable networks include Fox News and FX, the New York-based media company would have control of a distribution platform in Europe.
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