NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

Britain says to rule on Fox-Sky advice as soon as possible

Published 25/08/2017, 14:48
© Reuters. The Sky News logo is seen on the outside of offices and studios in west London
BSBAy
-
TFCFA
-

LONDON (Reuters) - Britain said on Friday it had received the additional advice it had requested on Rupert Murdoch's bid to buy broadcaster Sky (L:SKYB), and it would decide whether to refer the deal for an in-depth review as soon as possible.

Regulator Ofcom was asked to look again at the deal earlier this month after opponents lobbied Minister Karen Bradley, who was already deciding whether to refer Twenty-First Century Fox's (O:FOXA) bid for a wide-ranging investigation.

"The Secretary of State will now carefully consider that advice before making her decision on referral on the basis of all the evidence before her, and will do so as soon as is reasonably practicable," the Department for Digital, Culture, Media and Sport said.

The government's request to Ofcom came amid criticism from politicians worried about the U.S. company's broadcasting standards.

© Reuters. The Sky News logo is seen on the outside of offices and studios in west London

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.