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Sky/Fox takeover deal likely to face competition probe | |
(35 minutes later) | |
The Culture Secretary said she is "minded to" refer Rupert Murdoch's 21st Century Fox takeover of Sky to the competition watchdog. | The Culture Secretary said she is "minded to" refer Rupert Murdoch's 21st Century Fox takeover of Sky to the competition watchdog. |
Karen Bradley's decision is a blow to the media mogul's hopes of having the £11.7bn deal waved through without further scrutiny. | Karen Bradley's decision is a blow to the media mogul's hopes of having the £11.7bn deal waved through without further scrutiny. |
Mr Murdoch already owns 39% of the satellite broadcaster. | Mr Murdoch already owns 39% of the satellite broadcaster. |
An earlier attempt to take over Sky was abandoned in the wake of the phone hacking scandal. | An earlier attempt to take over Sky was abandoned in the wake of the phone hacking scandal. |
Ms Bradley told the House of Commons that the merger would increase the Murdoch family's ability to influence the UK's news agenda and political process. | Ms Bradley told the House of Commons that the merger would increase the Murdoch family's ability to influence the UK's news agenda and political process. |
As a result there were "clear grounds" to refer the deal to the Competition and Markets Authority. | As a result there were "clear grounds" to refer the deal to the Competition and Markets Authority. |
The culture secretary said she was "minded to" do so, using the legal phrase required by legislation. | The culture secretary said she was "minded to" do so, using the legal phrase required by legislation. |
The parties involved can make representations until Friday 14 July, when Ms Bradley will make a further decision. | The parties involved can make representations until Friday 14 July, when Ms Bradley will make a further decision. |