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9 Dec 2016 By Jennifer Saba, Fiona Maharg-Bravo

Twenty-First Century Fox has offered to buy the 61 pct of Sky it doesn’t own at a 40 pct premium, valuing the European pay-TV group at 18.5 bln pounds. Given industry consolidation like AT&T’s plan to buy Time Warner, Fox has a far better chance than in 2010 of doing the deal.

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