Thursday, 21 September 2017

UK competition watchdog likely to probe Fox/Sky deal

By Nick Wood, Total Telecom
Thursday 29 June 17

Companies given until 14 July to respond to culture secretary's quasi-judicial ruling.

21st Century Fox's £11.7 billion (€14 billion) acquisition of Sky could face a considerable delay, after the U.K. government said it is likely to refer the deal to the Competition and Markets Authority (CMA). Addressing Parliament, Karen Bradley, secretary of state for culture, media and sport, said a review by telco and media watchdog Ofcom has concluded that the proposed merger raises public interest concerns related to media mogul Rupert Murdoch's influence over the U…

21st Century Fox's £11.7 billion (€14 billion) acquisition of Sky could face a considerable delay, after the U.K. government said it is likely to refer the deal to the Competition and Markets Authority (CMA). Addressing Parliament, Karen Bradley, secretary of state for culture, media and sport, said a review by telco and media watchdog Ofcom has concluded that the proposed merger raises public interest concerns related to media mogul Rupert Murdoch's influence over the U…

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