Rupert Murdoch’s Fox cleared to acquire Sky

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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.

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