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Though thwarted in its attempt two years ago to buy Time Warner, Fox proves it still has global ambitions by securing a preliminary deal to buy all of Europe's Sky.
A deal for the streaming music service would 'future proof' Sirius' business model and create a formidable media entity, says an analyst.
The music streamer is open to being sold, according to CNBC, and SiriusXM, which previously tried to buy Pandora, could be one of its suitors.