Government extends Sky takeover enquiry

Government extends Sky takeover enquiry
 

The government has given regulators more time to investigate the proposed takeover of broadcaster Sky by 21st Century Fox.
The Secretary of State for Culture Media and Sport, Karen Bradley, said she had extended the deadline because of the forthcoming general election.
Regulators were examining the deal in the light of media plurality and broadcasting standards.
European competition authorities had already waved the deal through.
Fox has agreed to pay £11.7bn to buy the 61% of Sky that it does not already own.
Sky shareholders would receive £10.75 cash for each share, valuing the entire... read more

 
21 April 2017 in Business, Views: 30
Source: BBC
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