Government Clearance Given for Rupert Murdoch’s Fox to Bid for Sky

Government Clearance Given for Rupert Murdoch’s Fox to Bid for Sky

6 years ago
Anonymous $TjsaxHwAP-

https://wccftech.com/government-clearance-given-for-ruper-murdochs-fox-to-bid-for-sky/

Government clearance has finally been given today for Rupert Murdoch’s Twenty-First Century Fox to bid against Comcast (NASDAQ:CMCSA) for the takeover of Sky (LON:SKY). The feud for Europe’s largest media and pay-tv broadcaster has been going for a number of years now, the news being dominated by Comcast and Fox. Currently, the bid by Comcast stands at £26bn.

Jeremy Wright, culture secretary in the UK, has cleared Rupert Murdoch saying “It is now a matter for the Sky shareholders to decide whether to accept 21st Century Fox’s bid.”. This was following 19 months of deliberation.