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Fox, Sky nailing down £11.2b buyout deal

A key decision for Fox is whether to make an outright offer, or pursue a so-called scheme of arrangement

Published Mon, Dec 12, 2016 · 09:50 PM

London

21st Century Fox Inc and Sky plc executives are working with their advisers to nail down final terms of an £11.2 billion (S$20.2 billion) deal that would consolidate Rupert Murdoch's television empire across two continents.

Fox's co-chairmen, the 85-year-old media baron and his son Lachlan, have been intimately involved in discussions to purchase the 61 per cent of UK pay-TV service Sky that Fox doesn't already own, according to people familiar with the situation.

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Fox, Sky nailing down £11.2b buyout deal

Consumer & Healthcare

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