Tuesday, April 3, 2018

Disney offers to buy Sky News to ease Murdoch's £11.7bn takeover

Move aims to allay media plurality fears of 21st Century Fox’s controversial takeover of British broadcaster

Disney has offered to buy Sky News to help Rupert Murdoch allay media plurality concerns and push through his £11.7bn takeover of Sky.

Murdoch’s bid is being scrutinised by the Competition and Markets Authority amid concerns that buying the 61% of Sky he does not already own will give him too much influence over UK news media. The Murdoch family also control News UK, owner of the Times, Sun and TalkSport radio station.

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from Mergers and acquisitions | The Guardian https://ift.tt/2GJBiBB

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