UK Watchdog To Review News Corp.'s $13B BSkyB Buy

Law360, New York (July 11, 2011, 6:16 PM EDT) -- Britain's culture secretary on Monday referred News Corp.'s $13 billion acquisition of British Sky Broadcasting PLC to the country's top competition regulator due to the ongoing phone hacking scandal enveloping the company.

Secretary of State for Culture, Olympics, Media and Sport Jeremy Hunt told Parliament that he would send the proposed deal to the U.K. Competition Commission for a full review, reversing an earlier decision for his ministry to review it.

“Protecting our tradition of a strong, free and independent media is the most sacred responsibility...
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