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Murdoch Said to Seek $14 Billion Deal to Merge Pay-TV Units

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Rupert Murdoch is pursuing a long-awaited transaction that would transform British Sky Broadcasting Group Plc into a European satellite-TV giant while also leaving his U.S.-based 21st Century Fox Inc. focused on entertainment programming.

BSkyB, partly owned by Fox, is working on a deal valued at about 10 billion euros ($14 billion) to acquire control of satellite carriers Sky Deutschland AG and Sky Italia from Fox, according to people with knowledge of the matter. Fox has 55 percent of Sky Deutschland and 100 percent of Sky Italia.