Fox's ticket to a closer Time Warner viewing?

The cash released from 21st Century Fox’s BSkyB deal will help any further efforts for a Time Warner bid, enabling measures to support Fox’s share price and reduce the debt requirement of a revised offer.

In announcing the consummation of a deal to vend its European pay TV interests into BSkyB on Friday, Rupert Murdoch went out of his way to emphasise 21st Century Fox’s commitment to fiscal discipline. Time, or rather Time Warner, will tell how that’s defined.

The deal under which 21st Century Fox will sell its 100 per cent-owned Sky Italia and 57 per cent interest in Sky Deutschland to the 39 per cent-owned BSkyB isn’t directly related to Murdoch’s ambition of acquiring Time Warner.


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