BREAKING NEWS

EU regulators to approve Fox takeover of Sky

By REUTERS

APRIL 7, 2017 15:06

Rupert Murdoch's Twenty-First Century Fox is set to win unconditional EU antitrust approval for its 11.7-billion-pound ($14.5 billion) takeover of European pay-TV group Sky, two people familiar with the matter said on Friday.

Fox already owns 39 percent of Sky. Murdoch and his family have long coveted full control of Sky, despite the damaging failure of a previous attempt in 2011 when their British newspaper business became embroiled in a phone-hacking scandal.

The European Commission, which is scheduled to decide on the deal on Friday, declined to comment.

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