Regulators CMA and Ofcom deliver Sky takeover reports

Ivan Schwartz
June 20, 2017

The reports will be made public when the British government makes its statement.

Culture Secretary Karen Bradley has received reports from regulators on the proposed takeover of Sky by 21st Century Fox and will tell MPs how she is "minded to" respond by 29 June.

In a note to clients Tuesday, Eagan wrote that it is likely the British government will ask for at least some concessions if it approves the deal.

Specifically, Ofcom was asked to consider whether there would be sufficient plurality of persons with control of the media enterprises; and whether the parties would have genuine commitment to the attainment in relation to broadcasting of standards objectives.

"The Secretary of State will now decide whether to refer the proposed deal to the Competition and Markets Authority for a "phase two" inquiry", the statement added.

The attempt faced opposition from media industry rivals and politicians before it was scuppered by acute pressure on the company brought about by phone-hacking claims involving News International.

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The CMA report to Bradley will be published on her department's website on June 29th, with the Ofcom report due to be published on its site the same day.

Lawyers representing several women who have accused staff at Fox News - part of 21st Century Fox - of sexual harassment also recently met Ofcom to warn against the planned deal.

In March, Ofcom was instructed to investigate Fox's bid to acquire the 61% share of Sky which it did not already own as a matter of public interest.

The billionaire head said there was "nothing happening" at the station.

The European Commission has already given its approval to the takeover.

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