Rupert Murdoch’s Twenty-First Century Fox is buying European pay-TV firm Sky, which has nearly 22 million viewers in Britain, Ireland, Italy, Germany and Austria.
The deal unites a media empire across two continents.
Murdoch – who has dominated Britain’s media and political landscape for decades – is paying 11.7 billion pounds (13.96 billion euros) for the 61 percent of Sky that Fox does not already own.
It is his second go at taking control.
An attempt in 2011 had to be abandoned amid the phone hacking scandal that brought down his News of the World tabloid.
Government regulators will have to approve the deal.