Apr 7, 2017

21st Century Fox bid for Sky cleared by Europe

Both Sky and Fox are controlled by businessman Rupert Murdoch, who also owns the Times and the Sun newspapers. The £18.5bn deal could still face regulatory obstacles in the UK, where Sky is based. Culture Secretary Karen Bradley has said she is "Minded" to order an Ofcom investigation. Competition concerns and broadcasting standards were among the issues of concern for the watchdog to look at, she said last month. A decision to intervene would not block the deal, but trigger an Ofcom assessment as well as a Competition and Markets Authority report to be considered by Ms Bradley.

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