U.K. Regulator Provisionally Rules Fox Acquisition of Sky Against Public Interest
January 23 2018 - 02:15AM
Dow Jones News
By Adria Calatayud
The U.K.'s antitrust regulator has provisionally found the
proposed acquisition of British pay-TV giant Sky PLC (SKY.LN) by
21st Century Fox Inc. (FOXA) isn't in the public interest due to
plurality concerns.
The Competition and Markets Authority said Tuesday that if the
deal went ahead as proposed, it would lead to the Murdoch Family
Trust, which controls Fox and News Corp (NWS), increasing its
influence over public opinion. News Corp owns Dow Jones.
21st Century Fox said that it was "disappointed" at the
provisional ruling. The company said it will continue to engage
with the CMA ahead of the publication of its final report on the
deal, due in May.
Sky said it would seek submissions on possible remedies set out
by the CMA regarding its plurality concerns.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
January 23, 2018 03:00 ET (08:00 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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