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Murdoch to Sell Italy, German Pay-TV Stakes for $9B

Bloomberg
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July 25, 2014 AT 9:31 AM
July 25 (Bloomberg) -- Rupert Murdochs 21st Century Fox agreed to sell its pay-TV businesses in Italy and Germany for more than $9 billion, gaining funds it could use to raise an $80 billion takeover bid for Time Warner. Alix Steel reports on Movers & Shakers on In The Loop. (Source: Bloomberg)