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UK orders probe into Murdoch's planned Sky takeover

AFP  |  London 

The British today referred a planned takeover of pan-European satellite TV giant Sky by Rupert Murdoch's Fox entertainment group to regulators for an in-depth probe.

Karen Bradley, the Conservative government's minister for culture, media and sport, said she had referred the deal to the Competition and Markets Authority (CMA) owing to concerns about media plurality and broadcasting standards.

Last year, Fox bid ?11.4 billion ($15.1 billion, 12.7 billion euros) for the 61-percent of Sky it does not already own.

The takeover has already been approved by regulators in Austria, Germany, Ireland and as well as the European Union, but not yet in

The blockbuster deal has raised concerns in about the influence of the Australian-born US tycoon over the country's media landscape, in addition to worries that the controversial reporting style of Murdoch's Fox channel could be adopted by Britain's Sky

Bradley told MPs Thursday that she was referring the deal for an "investigation on media plurality and genuine commitment to broadcasting standards grounds".

She added: "From the point of referral, the CMA has 24 weeks in which to investigate the merger and provide me with advice. I must then come to a final decision on whether or not the merger can proceed, including any conditions.

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

First Published: Thu, September 14 2017. 15:42 IST