Jul
18
Fox Is Said to Risk 6-Month Sky Review Instead of Compromise
Posted in: Uncategorized
Rupert Murdoch’s 21st Century Fox won’t offer further compromise to overcome the U.K. government’s resistance to its $15.2 billion bid for full control of Sky, betting it can hold out for a more straightforward approval from a nonpartisan regulator.
The media giant is turning down U.K. Culture Secretary Karen Bradley’s proposal to add stronger assurances that the Sky News service will remain editorially independent, assurances that could have won her approval without additional review, according to people familiar with the matter.
The decision means Bradley is likely to refer the deal to the Competition and Markets Authority for a probe that could last as long as six months.
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