Mar 16, 2017
Fox takeover bid for Sky to be reviewed
Culture Secretary Karen Bradley has asked regulators to examine Rupert Murdoch's 21st Century Fox's takeover bid for Sky. In a statement to parliament, she told MPs that media regulator Ofcom and competition regulator, the CMA, would be asked to investigate the deal. 21st Century Fox is offering £11.7bn for the 61% stake in Sky it does not already own. Since then she said she had listened to the cases from interested parties, but that they had not sufficiently dismissed her concerns surrounding media plurality and commitment to broadcasting standards. Part of Ofcom's investigation will include whether Sky's potential new owners are "Fit and proper".
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