UK delays decision on Sky merger approval

Rupert Murdoch

Rupert Murdoch

An investigation by the United Kingdom media regulator into Rupert Murdoch's £11.7bn takeover of Sky has been delayed until after the general election.

His U.S. media group Twenty-First Century Fox already owns just over 39 percent of Sky Plc.

Regulators were looking at the deal in the light of plurality and broadcasting standards.

Theresa May's decision to call a general election on June 8 means that the initial response date would have fallen within the "purdah" period in the run-up to the vote, when the minister would have been unable to...

The Secretary of State for Culture Media and Sport, Karen Bradley, said she had extended the deadline because of the forthcoming general election.

European competition authorities had already Okayed the deal.

It tabled a proposal just before Christmas to buy the remainder of the business for £11.7bn, valuing the entire company at £18.5bn.

Critics say that the bid raises plurality issues because it will give Fox News owner Murdoch control of Sky, which owns Sky News, operations in Germany and Italy and United Kingdom newspapers including the Sun and Times.

A previous Ofcom investigation into News International following the phone hacking scandal found that while Murdoch Junior "repeatedly fell short of the conduct expected of him as chief executive and chairman" there was "insufficient evidence to conclude he deliberately engaged in wrongdoing".

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