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

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

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(Reuters) – James Murdoch, chief executive of Twenty-First Century Fox Inc <FOXA.O>, said on Wednesday he expects its bid to acquire Sky PLC <SKYB.L> 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 (£24.1 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 <SKYB.L> while appearing at the Paley International Council Summit in New York.

(Reporting by Dang Sheila; Editing by Paul Simao)
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