Black Friday Sale
Black Friday Sale
HomeNewsWorldEU regulators to approve Fox takeover of Sky - sources

EU regulators to approve Fox takeover of Sky - sources

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.

April 08, 2017 / 11:28 IST
A Sky logo is seen at the company's UK headquarters in west London July 25, 2014. REUTERS/Toby Melville/File Photo TPX IMAGES OF THE DAY - RTX2V9EV

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.

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.

($1 = 0.8052 pounds)e

first published: Apr 7, 2017 05:40 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347