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The British government confirmed Thursday that it would not oppose the takeover of Sky News by British Twente First Century Fox, which holds 39% of its shares, after facing regulatory issues. The announcement by the Competition Authority and the market that Fox's agreement to buy the rest of Sky's stake is not in the public interest.
Fox has raised its bid to acquire the remaining 61% in Sky News for £ 24.5 billion, equivalent to $ 32.5 billion, to surpbad the offer offered by rival company 'Comcast "America
Fox said in a statement that he had increased Sky's stock price to £ 14 per share from £ 10.75 in December 2016, compared to £ 12.50 per share. 39, buying an action in a cable TV offer.
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