Sky and 21st Century Fox have agreed to a merger

Companies still need to get agreement from UK regulators who should announce their decision this week.

21st Century Fox Corporation, owned by media mogul Rupert Murdoch, agreed to buy assets from the European Sky media company. Under the terms of the offer, 21st Century Fox, who already owns 39% of Sky and wants to buy other shares, is willing to pay £ 14 for each share. This offer has already been approved by the independent directors of the channel, reports the British television channel Sky News on Wednesday, July 11th.

Thus, the amount of the agreement is 24.5 billion pounds or 32.5 billion, or more than 30% of the competing supply, However, the Hollywood reporter does not reject the fact that Comcast will also rev up its bid, and 21st Century Fox and Comcast's rivalry for Sky's assets, which began a year and a half ago, will last. 19659016] This agreement still needs more judgment from the eyes of the British government. The government's decision is expected soon.

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