A PYMNTS Company

UK: Bradley to rule on Fox takeover of Sky ‘soon’

By  |  September 4, 2017

British authorities have received yet more clarification from media regulator Ofcom on 21st Century Fox’s attempted takeover of Sky, with a decision on whether to refer the deal to competition authorities still pending. Despite having received the go-ahead in all other relevant territories where Sky operates, the deal has been bogged down by regulatory investigations and government indecision in the UK.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Culture minister Karen Bradley said before Parliament’s summer break that she needed more time to decide whether to refer the US$15 billion deal in whole, or part, to British competition authorities. She then asked Ofcom to look at unspecified new evidence pertaining to the deal, evidence thought to relate to the conduct of Fox News in the US. Fox has since yanked the channel from the Sky platform in the UK, officially because of low viewing figures.

    Bradley’s department confirmed it had received Ofcom’s latest report on August 25, and said Monday, September 4, it has now received yet further clarification it requested on that publication. Ofcom has come under fire from opponents of the Fox-Sky deal, including former Labour Party leader Ed Miliband, over how it handled its probe into the proposed takeover, notably the parts concerning whether the Murdoch family are “fit and proper” owners of a combined business.

    “Following the advice received from Ofcom on 25 August 2017, the Secretary of State [Bradley] sought clarification from Ofcom on some aspects of the advice,” the department of culture, media, sport and digital said in a statement.

    Full Content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.