Britain may approve News Corp's (NWSA.O) $12.5 billion buy-out of BSkyB (BSY.L) this week, two sources familiar with the situation said on Wednesday, forcing Rupert Murdoch's group to spin off TV news channel Sky News. "A spin-off of Sky News is more likely than a sale," one of the people said. "It is also possible that News Corp will keep a stake in Sky News similar to the current level of ownership it has in BSkyB," this person said. The second person said that several options are still being discussed around the structure of the deal.
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