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General

Ofcom expresses concerns about Sky takeover

Friday 30 June 2017 | 09:39 CET | News
Ofcom has expressed concerns about the full takeover of Sky by 21st Century Fox. If approved, 21st Century Fox, which already has a 39.1 percent, will buy the rest of Sky for GBP 11.7 billion, valuing the company at GBP 18.5 billion. Reports by Ofcom clear the Murdochs and Fox as being "fit and proper" to hold a UK broadcasting licence despite the regulator expressing concern about "extremely serious and disturbing" allegations of harassment at Fox News. Ofcom had to assess the merger based on two public interest grounds, namely "the need for there to be a plurality of persons controlling

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Categories: General
Companies: News Corp / Ofcom / Sky
Countries: United Kingdom
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