Royal Dutch Shell in talks to buy BG Group

April 8, 2015 5:30 AM

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Petroleum giant Royal Dutch Shell PLC is in advanced talks to acquire Britain's BG Group PLC in a deal that would likely be valued at upward of $50 billion and would serve as the latest sign of how tumbling energy prices are shaking up the global oil-and-gas industry.

BG confirmed the talks in a statement, after an earlier report by The Wall Street Journal. It made no further comment. The deal could be announced as early as Wednesday, according to people familiar with the matter.

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