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

October 25, 2017 at 10:47 am EDT

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

(Reporting by Dang Sheila; Editing by Paul Simao)

Stocks treated in this article : Sky, Twenty-First Century Fox

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	TESLA, INC.	149.9 USD	-3.57%	-14.15%	496B
	FOX CORPORATION	30.77 USD	+1.02%	+0.10%	13.88B

James Murdoch

Founder of Rawkus Entertainment, Quadrivium Foundation and Lupa Systems LLC, James Rupert Murdoch is an American entrepreneur and businessperson who has been the head of 9 different companies and presently holds the position of Chief Executive Officer of 21st Century Fox America, Inc. and Chief Executive Officer for Lupa Systems LLC. He is also on the board of 11 other companies. In his past career he was Chairman at Rawkus Entertainment, Chairman of Sky Ltd., Executive Chairman & Chief Executive Officer for News Corp UK & Ireland Ltd., Chairman for Sky Italia Srl, Chairman & Chief Executive Officer at STAR Group Ltd., Member-Supervisory Board at Sky Deutschland GmbH, Chief Executive Officer & Director at TFCF Corp. and Non-Executive Director at Genelabs Technologies, Inc.

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Lupa Systems LLC	Chief Executive Officer
Seven Islands, Inc. Seven Islands, Inc. Financial ConglomeratesFinance Seven Islands, Inc. operates as a blank check company. It is formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses. The company was founded on February 22, 2021 and is headquartered in New York, NY.	Chairman

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Lupa Systems LLC

Chief Executive Officer