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Murdoch's Fox could separate Sky News to satisfy UK regulator on takeover

Fox agreed to buy all of the European pay TV group in December 2016

Reuters 

Rupert Murdoch has stepped up the pressure on Britain to approve his $14.5 billion bid for Sky by offering to sell or legally separate Sky News, seeking to allay concerns about the 87-year-old mogul's political influence. Murdoch's Twenty-First Century Fox said on Tuesday Sky News could be sold on to U.S. rival Walt Disney Co or become a legally separate business within the Sky group. Fox agreed in December 2016 to buy the 61 percent of European pay-TV group Sky it does not already own, but the deal has been repeatedly delayed by the UK government and regulators. Fox had already ...

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First Published: Tue, April 03 2018. 20:44 IST
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