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

Updated: Wed, Oct 25, 2017
08:07 pm
Reuters
RELATED NEWS
U.S. budget deficit soars to USD 2.24 trn in first 9 months of fiscal year 2021 U.S. budget deficit soars to USD 2.24 trn in first 9 months of fiscal year 2021
Why GST collection dipped? Check what experts say Why GST collection dipped? Check what experts say

James Murdoch, chief executive of Twenty-First Century Fox Inc, said on Wednesday he expects its bid to acquire Sky PLC 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 settlement with a woman before Fox News renewed his contract earlier this year. O`Reilly was fired in April.

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

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.