THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") AND THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE NEW YORK - Saturday, December 10th 2016 [ME NewsWire] (BUSINESS WIRE)-- Twenty-First Century Fox, Inc. (“21st Century Fox”) notes the announcement made today by Sky plc (“Sky”) and confirms that it has reached an agreement in principle in relation to a possible offer (the “Possible Offer”) to acquire all of the outstanding shares in Sky it does not already own at a price of £10.75 per share payable in cash less the value of any dividends subsequently paid by Sky. However, certain material offer terms remain under discussion and the Possible Offer may or may not lead to an offer being made by 21st Century Fox. The Independent Directors of Sky have indicated to 21st Century Fox that they are willing to recommend the Possible Offer, subject to reaching agreement on the other terms and ... Read more »