EU regulators have approved 21st Century Fox’s £11.7bn ($14.5bn) takeover of UK broadcaster Sky TV.

Rupert Murdoch’s company has won unconditional EU antitrust approval to buy the pay-TV group.

Murdoch founded Sky Television in 1989 but reduced his stake to 39 percent 5 years later.

Six years ago, Rupert Murdoch’s bid to buy the outstanding shares in Sky was scuppered after journalists at the now-defunct News of the World newspaper faced allegations of phone hacking.

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