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Read this: Peston: Murdochs London-based global news hub

Summary: BSkyB's board and its advisers believe the business is worth around 1bn more, or greater than 800p per share. Well, News Corporation will press ahead with the process of trying to buy Sky by initiating the process of having the European competition regulator scrutinise the deal. One interesting question is whether British regulators, the Office of Fair Trading and Ofcom, and the British government will want to repatriate scrutiny of the deal, as they have the right to do. - link

Peston: Murdochs London-based global new…

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