‘s TV empire is getting even bigger.
Murdoch plans to merge his European satellite TV companies in a deal valued at almost $14 billion. According to a
, Murdoch looks to acquire Sky Italia and Sky Deutschland from
to combine them with his British Sky Broadcasting Group.
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Fox, which houses Murdoch’s entertainment groups following last year’s separation from News Corp, currently has a 39 percent stake in
. Fox owns 55 percent of Sky Deutschland and 100 percent of Sky Italia.
The move, which has reportedly been in the works for months, would transform BSkyB — the biggest pay TV provider in the U.K. — into a Euro pay TV giant with control of companies that sell satellite programming to almost 9 million homes in Germany and Italy.
The deal could be finalized this summer.
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