Rupert Murdoch’s Twenty-First Century Fox to buy European pay-TV firm Sky

Rupert Murdoch's Twenty-First Century Fox is buying European pay-TV firm Sky, which has nearly 22 million viewers in Britain, Ireland, Italy, Germany and Austria.

The deal unites a media empire across two continents.

Murdoch – who has dominated Britain's media and political landscape for decades – is paying 11.7 billion pounds (13.96 billion euros) for the 61 percent of Sky that Fox does not already own.

It is his second go at taking control.