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Rupert Murdoch has agreed to sell $66bn (£49bn) worth of 21st Century Fox’s assets, including a Hollywood film studio and 39% stake in Sky, in a deal that transforms his media empire.
The takeover involves the 86-year-old tycoon and his family taking a 4.25% stake in Disney, which gains control of Fox assets including Avatar, X-Men, The Simpsons and Modern Family as well as the FX and National Geographic businesses.
For more details, here is the article.