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News Corp closes in on Sky News deal: rpt

AAP logoAAP 13/10/2016

News Corporation is reportedly close to $20-25million deal to take control of subscription news channel Sky News.

The media company is days away from announcing deals with Nine Entertainment, Seven West Media and Britain's Sky to buy their stakes in the Australian News Channel, which owns Sky News, Fairfax Media reports.

News Corp has been trying to take control of Sky News since the negotiations began two years ago.

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