Walt Disney chief executive Bob Iger and Fox owner Rupert Murdoch announcing the deal.
EPA-EFE/THE WALT DISNEY COMPANY
The Australian-born media mogul's decision to offload his entertainment assets reflects his core priorities in the fast-changing world of broadcasting and cinema.
Sky already has a dominant position in subscription TV services in the UK.
Peter Byrne/PA Archive/PA Images
This deal needs to be seen for what it is: a massive step towards dominance of the UK media which could influence public opinion and squeeze out competition.
Culture secretary Karen Bradley's decision will stall the bid, but the saga is far from over.
Media plurality is vital in a democracy. Full ownership of Sky would give the Murdoch family too much power.
Son also rises.
New appointment will make Rupert Murdoch's youngest son one of the most powerful figures in European broadcasting.
Rupert Murdoch’s bid for Time Warner has been rebuffed for now.
While Rupert Murdoch’s News Corporation US$80 billion takeover bid for fellow US media giant Time Warner has been rejected - for now - there is no doubt the future ownership of this historic company is…