Telecom Regulator Ofcom is facing a High Court battle over its ruling that Sky would remain “fit and proper” to hold a UK broadcasting licence if snapped up by Rupert Murdoch’s 21st Century Fox, reported Bloomberg.
Activist group Avaaz has won the right for a judicial review of the decision to be heard before June 30.
The challenge is the latest obstacle for Murdoch’s bid, which has faced a succession of regulatory and political tests to get clearance. Fox, which already owns 39% of Sky, is trying to purchase the remainder and plans to sell the broadcaster to Walt Disney as part of their US$52.4 billion asset deal announced in December.
If Avaaz’s legal challenge is upheld, Ofcom would have to re-open its investigation into Fox’s fitness and propriety, a move that could look at the organization’s handling of recent racial and sexual harassment allegations at Fox News in the US.
Full Content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
EU Extends Support for Farms and Fisheries Amid Market Disruptions
May 5, 2024 by
CPI
Sony and Apollo Bid $26 Billion for Paramount Acquisition
May 5, 2024 by
CPI
Goldman Sachs Resolves Decade-Old Metal-Rigging Class Action Lawsuit
May 5, 2024 by
CPI
Italian Antitrust Ruling Puts Halt on Intesa Sanpaolo’s Fintech Ambitions
May 5, 2024 by
CPI
Google Antitrust Case: Closing Arguments Conclude
May 5, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI