Friday, April 7, 2017

Rupert Murdoch's Sky takeover approved by European regulator

European commission says £11.7bn bid raises no competition issues, despite fears over Murdoch’s power in UK news media

Rupert Murdoch’s £11.7bn bid to take full control of Sky has been cleared by the European competition regulator.

The European commission, which has been investigating 21st Century Fox’s takeover bid since early March, has given the deal “unconditional approval”.

Related: Ofcom must block Murdoch's Sky takeover, Miliband and Cable say

Related: Murdoch is no longer the big man of this multimedia age

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from Mergers and acquisitions | The Guardian http://ift.tt/2oJIe91

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