Mar 3, 2017
Sky takeover: Minister 'minded' to examine Fox takeover
Competition concerns and broadcasting standards were among the issues of concern, she said. The first public interest ground was media plurality and the need for a "Sufficient plurality of persons with control of the media enterprises serving audiences in the UK". Commitment to broadcasting standards was the second ground for possible intervention. This related to the need for those controlling media enterprises to "Have a genuine commitment to attaining broadcasting standards objectives". Rupert Murdoch's 21st Century Fox said it will pay £11.7bn for the 61% stake in Sky it does not already own. Sky shareholders will receive £10.75 in cash for each share, valuing the entire company at £18.5bn..
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