Ron Burgundy Posted July 1, 2014 Share Posted July 1, 2014 By Ronald Grover LOS ANGELES (Reuters) - Rupert Murdoch jets into Idaho's Sun Valley next week for the year's most exclusive tech and media industry gathering, armed with both the money and the appetite for a major deal. The 83-year-old Twenty-First Century Fox Inc chief executive officer, a regular at investment bank Allen & Co's annual gathering, is in the midst of a deal that would give Fox the firepower to buy a content company. Fox's 39 percent-owned British Sky Broadcasting Group Plc is negotiating to buy Fox's Sky Italia and its Sky Deutschland subsidiary in a deal that could net Fox as much as $13 billion. "He's got the capital, resources and credibility to do a deal," said Mark Boidman, managing director of investment bank Peter J. Solomon Company, who is not attending the conference. View the full article Quote Link to comment Share on other sites More sharing options...
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