The UK Secretary of State for Digital, Culture, Media and Sport moved slightly closer today to making a decision on whether to ask the Competition and Markets Authority to review 21st Century Fox ’s £11.6 billion ($14.6 billion) bid to acquire the 61% of Sky that it does not already own.
The office, led by culture secretary Karen Bradley , says it has received the “additional advice” it sought early this month from media Regulator Ofcom .
“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 office says.
Last month, Bradley said she was “still minded” to refer the deal to the Competition and Markets Authority — but on concerns about its impact on media diversity, not Fox’s “commitment to broadcasting standards.”
That means a decision on whether the acquisition should be subjected to a full competition probe is likely to come after Parliament’s summer recess in September.
- British Regulator Submits New Report to Government on Fox-Sky TakeoverVariety
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- UK regulator submits new report on Fox-Sky bid to governmentNews1130
- UK regulator submits new report on $14.7B Fox-Sky dealSeeking Alpha