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Britain pushes back date for provisional findings on Sky-Fox deal

Reuters  |  LONDON 

(Reuters) - Britain's competition regulator will publish its provisional findings on Rupert Murdoch's planned takeover of next month, later than expected, but the overall timing of the review should remain unchanged.

Murdoch's $15 billion bid to buy the 61 percent of it does not already own is being watched closely in the U.S. where Walt Disney Co is in the lead to acquire much of his Twenty-First Century Inc's media empire, including

Britain's Competition and Markets Authority (CMA), which has been inundated with submissions from interested parties over the high profile takeover, said on Wednesday it would make its provisional findings public in January, rather than the week of December 18.

The regulator is still due to give its final findings in March, 15 months after Murdoch's agreed in December 2016 to buy the European pay-TV group, reigniting row over whether the media mogul has too much influence in

Murdoch failed in 2011 attempt to buy when phone-hacking scandal at his of the World forced him to drop previous attempt.

Since then he has split his companies into two to separate the newspapers from the TV businesses. said when it agreed the deal it did not foresee any regulatory difficulties but the government has taken strong line against the takeover.

In September the media secretary, Karen Bradley, asked the regulator to examine whether Murdoch had genuine commitment to broadcasting standards following concerns about the running of his U.S. network.

Bradley also asked the regulator to scrutinise whether the deal would give him too much influence at the heart of the British media.

anticipates that its deal to buy the remaining shares in will be approved in the first half of 2018. Any deal for would include the remaining stake in Sky, sources have told

(Reporting by Kate Holton; editing by Costas Pitas)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, December 06 2017. 19:09 IST
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