It took five years, but Rupert Murdoch has finally acquired the rest of the UK-based Sky Network. Murdoch is the Australian-American media mogul billionaire owner of 21st Century Fox, who tried, but failed a complete buyout of Sky in 2011. Now he is getting the 61 percent that he didn’t already own for almost $15 billion, $13.52 per share. The price is a 36 percent increase over the closing price of the stock on December 8. Fox projects that it will be able to close the deal for $14.6 billion before the end of 2017.

The sale was scrapped in 2011 due to News Corp.’s phone hacking and alleged bribery scandal. Because of this summer’s Brexit decision, the value of the pound dived, making the price of Sky’s shares a relative bargain.

“We have been thoughtful, disciplined and focused as we have contemplated the best use of our capital to drive the growth of the business into the future,” said Lachlan Murdoch, 21st Century Fox’s executive chairman.

The deal with Sky is Fox’s largest transaction to date. Sky will add value to Fox by providing its own programming, library to sports broadcasting rights, and more during a time when large telecom and content providers are consolidating.

“All in all, even taking into account the sports cost issue, this is probably a better and more durable business than most US. investors would presume,” said Michael Nathanson, of MoffettNathanson Research, who lowered its rating on Fox shares to Neutral from Buy and increased the target price $2 to $32.

Rupert Murdoch owns 21st Century Fox with his sons James and Lachlan, including Fox TV network, Fox News and Hollywood study 20th Century Fox.