The flag of the Twenty-First Century Fox Inc is seen waving at the company headquarters in the Manhattan borough in New York June 11, 2015. REUTERS/Eduardo Munoz
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Rupert Murdoch's media giant Twenty-First Century Fox has agreed to take over European broadcaster Sky PLC in a 11.7 billion pound ($14.6 billion) deal, the companies said Thursday.The deal values the shares in London-based Sky at 10.75 pounds ($13.41) each. Twenty-First Century Fox already owns just over 39 percent of Sky. James Murdoch, Rupert's son and the CEO of Twenty-First Century Fox, became chairman of Sky in April. Taking control of Sky will give Twenty-First Century Fox, which owns cable networks Fox News, FX and the Fox broadcast channel and a major Hollywood film studio, a distributor in Europe.
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