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Tuesday, February 27, 2018

Rupert Murdoch's Sky bid challenged by Comcast - BBC News

Rupert Murdoch's Sky bid challenged by Comcast - BBC News: "Fox's Sky bid has not been viewed favourably by the UK's competition authority, which in January provisionally found that it would not be in the public interest.

 The Competition and Markets Authority is concerned that if the deal went through, the Murdoch Family Trust would have too much influence over public opinion and the political agenda.

Last week, 21st Century Fox said it would keep Sky News running for at least 10 years, with a fully independent board for the channel, to try to make the proposed deal more attractive to regulators.

 The picture was made more complicated in December of last year when Walt Disney agreed to buy the bulk of 21st Century Fox's business, including its 39% Sky stake.

If that acquisition goes through, it could lessen the Murdoch family's UK influence. 

Mr Roberts said that Comcast was prepared to co-own Sky with either Fox or Disney, as long as Comcast held a majority stake." 'via Blog this'

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