Receive Breaking News updates as they occur
By Jessica Toonkel, Kate Holton and Pamela Barbaglia NEW YORK/LONDON (Reuters) - Rupert Murdoch's Twenty-First Century Fox Inc has struck a preliminary deal to buy the 61 percent of British pay-TV firm Sky Plc it does not already own for around $14 billion, five years after a political scandal wrecked a previous bid. The proposed offer of 10.75 pounds a share in cash is backed by Sky's independent directors and would strengthen the position of James Murdoch - who is both chief executive of Fox and chairman of Sky - in his 85-year-old father's media empire. People familiar with the matter said Fox had pounced after Britain's vote to leave the European Union in June sent the pound down about 14 percent against the U.S. dollar and Sky's share price tumbling.
PHILADELPHIA (AP) — A federal judge allowed Wisconsin's presidential recount to move forward Friday as a another federal judge in Pennsylvania planned to take the weekend to decide on a Green Party-backed request to recount paper ballots and examine election computer systems for signs of hacking.