Sky-Fox merger re­ferred to reg­u­la­tors

The Malta Business Weekly - - FRONT PAGE -

the UK 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.

How­ever, there are con­cerns this would give Ru­pert Mur­d­coch's fam­ily, who con­trols Sky, too much sway over Bri­tain's broad­cast­ing land­scape.

Ms Bradley's de­ci­sion on whether to re­fer the deal to the Com­pe­ti­tion and Mar­kets Au­thor­ity had been de­layed sev­eral times, as she lis­tened to fur­ther ar­gu­ments about the case.

How­ever, in a state­ment to Par­lia­ment on Tues­day she said that none of the rep­re­sen­ta­tions she re­ceived al­layed her con­cerns about the deal.

"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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