James Murdoch returns to Sky

Media tycoon Rupert Murdoch's son James will return as chairman of British broadcaster Sky in a move likely to fuel rumours of a takeover bid, four years after he quit amid a phone hacking scandal. "The board has appointed James Murdoch to succeed Nicholas Ferguson as chairman," the company said in a statement Friday to the London Stock Exchange. In 2011, Rupert Murdoch abandoned a takeover bid for Sky, of which he owns 39 percent, as controversy raged over the hacking of celebrities and crime victims by his tabloid the News of the World.

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