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

Published 25/10/2017, 16:49
© Reuters. FILE PHOTO: Media Mogul Rupert Murdoch poses for a photograph with his sons Lachlan and James as they arrive at St Bride's church for a service to celebrate the wedding between Murdoch and former supermodel Jerry Hall in London
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(Reuters) - James Murdoch, chief executive of Twenty-First Century Fox Inc (O:FOXA), said on Wednesday he expects its bid to acquire Sky PLC (L:SKYB) 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 (£24.1 million) settlement with a woman before Fox News renewed his contract earlier this year. O'Reilly was fired in April.

© Reuters. FILE PHOTO: Media Mogul Rupert Murdoch poses for a photograph with his sons Lachlan and James as they arrive at St Bride's church for a service to celebrate the wedding between Murdoch and former supermodel Jerry Hall in London

Murdoch spoke of Twenty-First Century Fox's $15 billion bid to acquire the remaining 61 percent it does not own of Sky PLC (L:SKYB) while appearing at the Paley International Council Summit in New York.

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