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BSkyB Poised To Seal 'Sky Europe' Deal

Posted at 6:10AM Friday 25 Jul 2014

BSkyB is set to confirm on Friday it has sealed a £10bn deal to create Sky Europe, buying its sister pay-TV companies in Germany and Italy from Rupert Murdoch's 21st Century Fox.

The deal will net Murdoch as much as $10bn, which is expected to be used by Fox to make an improved offer for rival media giant Time Warner, after its earlier $75bn-plus bid was knocked back in June.

Guardian




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