October 25, 2017 / 2:41 PM / in a year

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

Oct 25 (Reuters) - 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. (Reporting by Dang Sheila; Editing by Paul Simao)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below