Murdoch May Use Sky Proceeds to Sweeten Time Warner Bid - Presented by: The Aol. On Network

Rupert Murdoch may tap into proceeds generated from the sale of its Italian and German Pay-TV assets to British Sky Broadcasting, according to media reports. Murdoch's 21st Century Fox is reportedly looking to offload its interests in those assets to British Sky Broadcasting for close to $14 billion. Last week, Time Warner revealed it had rejected an approximately $80 billion bid from Fox.



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