UK government extends period for regulators to report on Sky/Fox merger



The British government on Friday extended the period within which competition regulators must report on Rupert Murdoch's $14.5 billion bid to take over pay-TV group Sky (SKYB.L) by one month due to the country's national election on June 8.
Last month Karen Bradley, Britain's culture, media and sport secretary, intervened in the the proposed acquisition of Sky by Murdoch's Twenty First Century Fox (FOXA.O) on the media public interest grounds of media plurality and commitment to broadcasting standards.
At the time she asked Ofcom and the Competition and Markets Authority (CMA) to assess the... read more

 
21 April 2017 in Business, Views: 33
Source: Reuters
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