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Fox CEO James Murdoch expects Sky deal to be approved next year

To acquire Sky PLC to be approved by British regulators in the first half of 2018

Reuters 

Fox CEO James Murdoch expects Sky deal to be approved next year

James Murdoch, chief executive of Twenty-First Century Fox Inc, said on Wednesday he expects its bid to acquire Sky PLC to be approved by British regulators in the first half of 2018 despite fallout from a sexual harassment settlement involving former Fox News commentator Bill O'Reilly.

Reports recently surfaced that O'Reilly reached a $32 million settlement with a woman before Fox News renewed his contract earlier this year. O'Reilly was fired in April.

Murdoch spoke of Twenty-First Century Fox's $15 billion bid to acquire the remaining 61 per cent it does not own of Sky PLC while appearing at the Paley Council Summit in New York.

First Published: Wed, October 25 2017. 21:10 IST
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