In the next few days, Ed Richards will be leaving UK communications watchdog Ofcom, where he has been the chief executive for the past eight years. In light of his departure, Richards has shared some concerns with the Independent about the relationship between UK government ministers and some executives from Rupert Murdoch’s companies.
Specifically, Richards revealed concerns regarding Murdoch-owned News Corporation’s attempts to acquire BSkyB in 2011 and how Ofcom handled the case.
During the merger attempt, Richards claims that there was an open show of informality and closeness with certain companies and Ofcom. He also claimed that there was severe pressure placed on Ofcom during the failed bid.
Full Content: The Drum
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
ConocoPhillips Acquires Marathon Oil for $22.5 Billion in Major Energy Sector Consolidation
May 29, 2024 by
CPI
Judge Denies Amazon’s Bid to Dismiss FTC Lawsuit Over Prime Membership Practices
May 29, 2024 by
CPI
Germany and France Advocate for Major EU Competition Reform
May 29, 2024 by
CPI
Equifax Accused of Monopolizing Employment Verification Market in New Suit
May 29, 2024 by
CPI
Car Battery Makers to Challenge EU Cartel Charges in Brussels
May 29, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI