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Read this: News Corp seeks European approval for takeover of Sky | Media | The Guardian

Summary: The move will kickstart a regulatory process that could result in the media conglomerate's offer to buy the 61 of Sky it does not already own being blocked by the business secretary, Vince Cable. News Corp offered to pay 700p a share for the Sky stake in June, but the board of the pay-TV group wants it to increase its offer. Both parties have agreed to defer negotiations while News Corp seeks regulatory clearance. -

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