Magazine article Screen International

Fox Takeover of Sky Stalls

Magazine article Screen International

Fox Takeover of Sky Stalls

Article excerpt

Culutre secretary Karen Bradley refers bid to competition authorities.

Fox’s planned £12bn takeover of Sky has been dealt a blow after culture secretary Karen Bradley referred the deal to UK competition authorities.

As a result of her decision, the Hollywood studio’s acquisition of the pay-TV operator - buying the 61% that it does not currently own - will be delayed by at least six months.

Bradley, who revealed the move in the House of Commons today (29 June), has referred the bid to the Competition and Markets Authority due to concerns over media plurality issues.

She said that she had reached her decision after receiving a report from regulator Ofcom.

In its report, released today, Ofcom said that the transaction raised “public interest concerns as a result of the risk of increased influence by members of the Murdoch Family Trust over the UK news agenda and the political process”. …

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


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.