Fox agreed last year to sell the bulk of its film and TV assets to Walt Disney in a $52.4 billion deal.
The government had referred the matter to the Competition and Markets Authority (CMA) for an in-depth probe last September owing to concerns about media plurality and broadcasting standards.
The deal, which is set to be announced on Thursday, will end more than half a century of expansion by Murdoch, 86, who turned a single Australian newspaper he inherited from his father at age 21 into one of the world's most important global news and film conglomerates.
The U.S. broadcasting heavyweights faced off in the Australian courtroom amid a battle for control of Ten, a ratings laggard which went into administration three months ago following long declines in viewership and advertising revenue.
Fox and Sky welcomed the decision, which had been expected, and said they would continue to work with the regulators in Britain where it faces a tougher test to complete the deal.
Rupert Murdoch's Twenty-First Century Fox is set to win unconditional EU antitrust approval for its 11.7-billion-pound (USD 14.5 billion) takeover of European pay-TV group Sky, two people familiar with the matter said on Friday.
Rupert Murdoch's Twenty-First Century Fox said on Thursday it had agreed to buy European pay-TV firm Sky for USD14.6 billion, sticking to its 10.75 pounds per share offer despite complaints from some investors.
Murdoch's Fox group said in a statement "that it has reached agreement with Sky plc on the terms of a recommended pre-conditional cash offer" to buy the rest of the European pay broadcaster, beyond the 39 per cent it already owns.
Rupert Murdoch will assume the role of chairman and acting CEO of Fox News Channel and Fox Business Network, the company said.
The following is the full text of the resignation letter sent by Fox News Chief Executive Roger Ailes to Rupert Murdoch, the executive chairman of Twenty-First Century Fox Inc, the parent of Fox News.
The company had sold about 3,000 units worth Rs 1,800 crore in the fiscal 2015, PropTiger.com CEO and founder Dhruv Agarwala said.
The stock rose from a record low after unconfirmed chatter about News Corp's interest in Twitter circulated on Wednesday. The rumours intensified after a CNBC segment, tech website Re/code said.
According to sources, Quikr and CommonFloor.com are at an advanced stage of discussion and the stock-and-cash deal is expected to be completed soon.
Russian billionaire Yuri Milner on Sunday handed out seven Breakthrough Prizes, the award for scientific accomplishment he created three years ago alongside technology giants including Facebook founder Mark Zuckerberg, 23andme founder Anne Wojcicki and Google co-founder Sergey Brin.
While talking to the CEOs, Modi said his government strongly supports Public Private Partnership. "GDP growth last year was 7.3 percent. There has been a 40 percent increase in FDI; WB, IMF," he said.
Rupert Murdoch's 21st Century Fox said its board approved a shakeup that puts the 84-year-old tycoon's son James in the chief executive job effective July 1.
While the timing of the moves had not been expected so soon, they come a year after Murdoch elevated both sons into prominent roles. In March 2014, James, 42, was promoted to co-COO alongside the elder Murdoch's popular lieutenant Chase Carey, while Lachlan, 43, was named non-executive co-chairman.
The Murdochs own 39 percent of voting shares in Fox and News Corp, the company that operates newspapers like The Wall Street Journal and book publisher HarperCollins, through a family trust. Fox split from News Corp in 2013.
PropTiger's parent firm, Elara Technologies said it has entered into a transaction with Makaan.com Pvt Ltd, owner of the site. Both the portals will run separately.
The study, which is an analysis of CEO salaries at the 100 largest public US companies as measured by revenue, puts Microsoft's Indian-origin chief Satya Nadella on the top with a pay package of USD 84.3 million (Rs 525 crore) a year.
Media mogul Rupert Murdoch continues to strengthen his presence in India with acquisition of financial information provider VCCircle Network by News Corp and film magazine 'Screen' by 21st Century Fox's wholly owned subsidiary Star India.
E-commerce is certainly the buzzword these days. Rupert Murdoch‘s News Corporation invests USD 30 million for 25 percent stake in PropTiger.
As part of the investment, Raju Narisetti, News Corp Senior Vice President, Strategy, will also join Elara's Singapore-based board, the company said in a statement.
Is the Google a foe for raking in millions of dollars without making any investments in content creation or is it a friend for increasing traffic for news websites?
London police are actively investigating Rupert Murdoch's British newspaper business for possible criminal violations over allegations of phone-hacking and illegal payments to public officials by its journalists.