Magazine article Screen International

21st Century Fox's Sky Takeover Bid Referred to Regulators

Magazine article Screen International

21st Century Fox's Sky Takeover Bid Referred to Regulators

Article excerpt

US media giant 21st Century Fox's proposed £11.7bn takeover of UK broadcaster Sky PLC will be referred to media watchdog Ofcom and competition regulator CMA.

Addressing parliament today (Mar 16), culture secretary Karen Bradley recommended that the deal be looked at by the regulatory bodies.

She said: "I am of the view that it remains both important, given the issues raised, and wholly appropriate for me to seek comprehensive advice from Ofcom on these public interest considerations and from the CMA on jurisdiction issues."

Ofcom will now have until May 16 to report back on whether Sky's potential new owners would be 'fit and proper'.

In a statement made on its website, 20th Century Fox said it was "confident" about the deal being sanctioned.

"21st Century Fox looks forward to working with UK authorities in their reviews of our proposed transaction to combine with Sky. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.