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Fox acquires Sky for $14.6 billion

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Posted · Original PosterOP

Murdoch's Fox agrees $14.6 billion Sky deal to expand empire

By:  Kate Holton and Paul Sandle  | Reuters


Source: http://www.reuters.com/article/us-sky-m-a-twenty-first-fox-idUSKBN1441JH




Rupert Murdoch's Twenty-First Century Fox (FOXA.O) has struck a $14.6 billion deal to buy European pay-TV firm Sky (SKYB.L) that unites a media empire across two continents and helps it take on rivals like Netflix (NFLX.O) in the battle for viewers.


The Murdoch family have never wavered in their ambition to take full control of Sky, despite the damaging failure of a previous attempt five years ago when their British newspaper business became embroiled in a phone-hacking scandal.


James Murdoch, the chief executive of Fox and chairman of Sky, said the British-based company had led the way in delivering premium content like English Premier League soccer and the "Game of Thrones" fantasy drama across multiple platforms including satellite, broadband and mobile.


To even think that over $14 billion dollars deal can be negotiated in a week.. It's very interesting as Sky was really loosing viewers and I'm not sure what the acquisition will really change. They have some pretty good exclusives and news channels but that is pretty much it. They don't even invest in Premier League as heavily as they used to. Thoughts anyone?


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