Fox Disappointed With UK Government Delay Of Bid For Sky
20 July 2017 - 10:56PM
Dow Jones News
By Rory Gallivan
LONDON--Twenty-First Century Fox Inc. (FOX) Thursday said it is
disappointed the U.K. government has indicated it intends to
subject its proposed purchase of European broadcaster Sky PLC
(SKY.LN) to more regulatory scrutiny
The U.K. Secretary of State for Digital, Culture, Media and
Sport, Karen Bradley, said earlier Thursday she is still "minded"
to refer Fox's proposed $15 billion purchase of the 61% of Sky it
doesn't already own to the U.K. competition body on plurality
grounds.
Fox said in a statement following her announcement that it is
disappointed with her position and called on her to "complete the
regulatory process expeditiously."
Media regulators are reviewing whether Fox's ownership of Sky
would maintain "plurality"-or diversity of viewpoints-across the
British media.
Rupert Murdoch and his family are major shareholders of Fox and
News Corp. Fox and News Corp., which is the parent company of The
Wall Street Journal, were part of the same company until it split
in 2013.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
(END) Dow Jones Newswires
July 20, 2017 08:41 ET (12:41 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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