Sky, 21st Century Fox Agree on Cash Terms of Deal, Eye 2017 Close
Twenty-First Century Fox is offering Sky shareholders roughly $13.34 per share in its planned takeover of the U.K. pay-TV company (1612090029), it said in a news release Thursday. Twenty-First Century Fox said that's roughly a 40 percent premium and the…
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deal is expected to close before the end of 2017, pending regulatory and shareholder approval. It said Sky's independent board committee plans to recommend the acquisition terms unanimously.