Decision to refer Sky bid to regulator a blow to Murdochs – but will it be short-lived?
The Murdoch Family Trust’s long-held ambition to take full ownership of Sky, the UK’s largest broadcaster (by revenue), appears to have been dealt a blow. The culture secretary, Karen Bradley, has told parliament she is “minded” to refer the £11.7 billion takeover bid by 21st Century Fox for the 61% of Sky that it doesn’t already own to the competition authorities on the grounds that the deal will diminish media plurality in the UK.
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