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21st Century Fox announces US$14.8b deal to take over Sky

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21st Century Fox said Thursday that Sky had agreed to a takeover offer worth US$14.8 billion as tycoon Rupert Murdoch bids to create a global media giant.

[NEW YORK] 21st Century Fox said Thursday that Sky had agreed to a takeover offer worth US$14.8 billion as tycoon Rupert Murdoch bids to create a global media giant.

Mr 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.

The deal is worth £10.75 per Sky share, or US$14.8 billion in total for the cash purchase, the statement said.

AFP

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