(MENAFN- AFP) European pay-TV broadcaster Sky said Friday it has received an informal takeover approach from US media-entertainment giant 21st Century Fox which values it at £18.5 billion ($23.4 billion, 21.8 billion euros).
London-listed Sky said in a statement it had "reached agreement" with 21st Century Fox on a price of £10.75 per share, but there was no certainty that a firm offer will be made. Fox already owns 39 percent of Sky.
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