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Murdoch’s ambitions may take center stage in Sun Valley

01
Jul
2014

By Ronald Grover LOS ANGELES (Reuters) – Rupert Murdoch jets into Idahos Sun Valley next week for the years 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 Cos annual gathering, is in the midst of a deal that would give Fox the firepower to buy a content company. Foxs 39 percent-owned British Sky Broadcasting Group Plc is negotiating to buy Foxs Sky Italia and its Sky Deutschland subsidiary in a deal that could net Fox as much as $13 billion. Hes 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.

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