The proposed merger of Sky and 21st Century Fox would not be in the public interest due to media plurality concerns, the UK’s Competition and Markets Authority (CMA) has provisionally ruled.
The CMA was investigating Fox’s proposed takeover of the telecoms firm on the grounds of commitment to broadcasting and media plurality, after a referral from the Department of Culture, Media and Sport in September. It found the deal to fall down on the latter, despite the body noting that Fox ‘has a genuine commitment to broadcasting standards in the UK’.
The authority said the deal would likely operate against Read full story ›
Source: The Drum
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