Rupert Murdoch’s Fox cleared to acquire Sky

48

The British government has cleared a proposed deal for Rupert Murdoch’s 21st Century Fox to acquire Sky.

Culture Secretary Jeremy Wright signaled the green-light to Murdoch, subject to the sale of Sky News. Fox has been attempting to get approval from UK regulators since 2016. Sky already holds a 39 per cent stake in Sky.

Fox is already in a fierce battle with rival Comcast, which is also bidding to buy Sky. Comcast’s bid for Sky was cleared a few days ago.

Keep it with BizAsiaLive.com for more.

Latest From Related Articles

Times Internet appoints Puneet Gupt as COO

Colors unveils first promo of ‘Kesari Nandan’

Colors to premiere ‘Andhadhun’ this month

Leave Comment

Please enter your name here
Please enter your comment!