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RUPERT MURDOCH HAS AGREED to sell the Sky News channel to pave the way for a wider BSkyB takeover deal, according to the BBC.
Murdoch’s News Corp. is trying to win government approval for its takeover of BSkyB.
However, the British communications regulator Ofcom had expressed its concern about the impact of the takeover deal, because it would see News Corp. control Sky News, the Sunday Times, the Times, the Sun and the News of the World.
News Corp. already has a 40 per cent majority stake in BSkyB, but is understood to be interesting in increasing its ownership right up to 100 per cent. Murdoch’s decision to sell Sky News could help the deal get regulatory approval.
- Includes some reporting by the AP
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