UK Authorities To Probe Fox's Latest $14B Sky Takeover Bid

Law360, New York (March 16, 2017, 6:20 PM EDT) -- The British government on Thursday asked its telecommunications and competition authorities to weigh whether 21st Century Fox Inc.’s latest $14.4 billion bid to take over Sky PLC is in the public interest.

U.K. Culture Secretary Karen Bradley told Parliament she had issued a formal notice intervening in the deal, calling on the Office of Communications, or Ofcom, to consider whether the deal would run afoul of media plurality and broadcasting standards rules. The government has likewise asked the Competition and Markets Authority to review whether the...
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