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  • Reuters

    21st Century Fox is buying UK's Sky in $14.6 billion deal

    by 
    Steve Dent
    Steve Dent
    12.15.2016

    Following talks last week, 21st Century Fox has agreed to buy Sky, the UK's largest pay-TV network, for £11.7 billion ($14.6 billion). The UK-based pay-TV broadcaster and broadband provider counts nearly 22 million subscribers in the UK, Ireland, Italy, Germany and Austria. That'll give Rupert Murdoch a delivery platform for his 20th Century Fox movie studio and Fox TV network, along with cable TV channels like FX, Fox Sports and National Geographic.