media-entertainment giant: The London-listed firm said in a statement it had agreed on an informal offer of 10.75 A 18.18 per share from the Murdoch-controlled US media-entertainment giant, which is seeking to take full control, according to Nine News Australia. The deal values it at 18.5 billion A 31.27 billion but Sky stressed there was no certainty that a firm offer would be made. AFP Sky has received a takeover approach from 21st Century Fox, it said Friday, as media mogul Rupert Murdoch made a second tilt at the European pay-TV broadcaster. Nasdaq-listed 21st Century Fox already owns a 39.1 percent stake in Sky, whose main five markets are Austria, Britain, Germany, Ireland and Italy. After a period of negotiation... Sky and 21st Century Fox have reached agreement on an offer price of 10.75 per share in cash, less the value of any dividends subsequently paid by Sky. The independent directors of Sky plc note today share price increase, and announce that Sky has received an approach from 21st Century Fox, Inc, Sky said in the statement.
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