>> Rupert Murdoch making moves to grow his media empire even bigger, bidding for British paid TV group Sky, which he already owns the largest stake in. Murdoch's 21st Century Fox offering $14 billion for the remaining shares. It owns 39% of Sky, but taking over the other 61% of shares, would mean the US-based media company would have control of a distribution platform in Europe.
Sky's shares surging on the news. Sky has an independent committee to consider the proposal and says discussions are underway.