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Deals Rumor Mill: Fox, Allergan, Elliott Management

By Chelsea Naso (July 21, 2014, 7:20 PM EDT) -- Rupert Murdoch's 21st Century Fox Inc. is turning over the idea of using proceeds from the sale of its Italian and German pay-TV assets to boost its offer for Time Warner Inc., although no definite decision to bump up its bid for its fellow media behemoth has been made, Bloomberg reported Monday, citing sources. New York-based Fox could reach an agreement to sell its wholly owned Sky Italia unit and its 57 percent stake in Sky Deutschland AG to British Sky Broadcasting Group Plc. in the next two weeks in a deal that might value the assets at about €10 billion ($13.5 billion), the report said. Fox owns a 39 percent stake in BSkyB....

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