Tags: APFN | EU | Britain | Sky

UK Clears 21st Century Fox to Buy Satellite Broadcaster Sky

Thursday, 12 July 2018 08:37 AM EDT

LONDON (AP) — Britain's culture secretary has cleared the way for 21st Century Fox's bid for Sky following pledges that it will safeguard the independence of Sky News.

Britain's government had been looking at the issue amid fears the takeover would give Rupert Murdoch too much power in the U.K. media market.

The decision by Jeremy Wright clears the final regulatory hurdle for Fox's bid for the 61 percent of Sky that it does not already own.

Wright said Thursday that it's "now a matter for the Sky shareholders to decide whether to accept 21 Century Fox's bid."

The battle for the European pay-TV service has been escalating this week as U.S. rivals Comcast and Fox have been raising their offers for Sky as they try to expand their media empires.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Britain's culture secretary has cleared the way for 21st Century Fox's bid for Sky following pledges that it will safeguard the independence of Sky News.Britain's government had been looking at the issue amid fears the takeover would give Rupert Murdoch too much power in...
APFN,EU,Britain,Sky
130
2018-37-12
Thursday, 12 July 2018 08:37 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved