Sep 12, 2017
Sky-Fox merger referred to regulators
The Culture Secretary has said she will refer 21st Century Fox's bid to buy Sky to competition regulators. Karen Bradley said the £11.7bn deal would face a six-month investigation due to concerns over both media plurality and broadcasting standards. Fox owns 39% of Sky but wants to assume total control of the broadcaster. There are concerns this would give Rupert Murdcoch's family, who controls Sky, too much sway over Britain's broadcasting landscape. "I have the power to make a reference if I believe there is a risk - which is not purely fanciful - that the merger might operate against the specified public interests," she said.
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