Find a list of your saved stories here

UK government to take more time to consider Fox-Sky deal


Save Story

Save stories to read later


Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

LONDON (AP) — Britain's culture secretary needs more time to consider Twenty-First Century Fox's takeover bid for the Sky pay television and broadband network.

Culture Secretary Karen Bradley said Thursday in an update before Parliament breaks for recess that she is not yet in a position to make a final decision on whether or not to refer the matter to the Competition and Markets Authority for further review.

Britain's government had stalled the takeover after regulators said it could give Rupert Murdoch and his family too much influence over the country's media.

Bradley said last month the deal "potentially raises public interest concerns" and that she is "minded to" send it to the competition authority.

Murdoch's New York-based media group is trying to buy the 61 percent of Sky it doesn't already own.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast