A PYMNTS Company

UK: Spurned, James Murdoch speaks out on Sky, Brexit

By  |  September 17, 2017

James Murdoch, who mentioned having been turned down for meetings by ministers, has warned the Government that 21st Century Fox’s £11.7 billion (US$14 billion) takeover bid for Sky is a test that Brexit Britain is “truly open for business”.

    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.

    The Fox chief executive’s intervention will be interpreted as a direct challenge to Theresa May’s administration, which previously said that, despite leaving the EU, the UK was open for business.

    “There is a huge opportunity for companies and countries willing to act decisively and capitalise on the economic and social benefits that this industry can create,” Mr Murdoch said.

    “If the UK truly is open for business post-Brexit, we look forward to moving through the regulatory review process and this transformative transaction for the UK creative sector becoming an affirmation of that claim.”

    Mr Murdoch spoke out after Culture Secretary Karen Bradley confirmed the potential deal would be referred to the competition watchdog.

    Full Content: Telegraph

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