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Explainer: Comcast and Murdoch's Fox in regulatory race for Sky approval

Reuters  |  LONDON 

By Kate HoltonLONDON (Reuters) - Comcast's gatecrashing of Rupert Murdoch's eight-year campaign to buy pay-TV group Sky has sparked a regulatory race with 21st Century Fox.Fifteen months after finally agreeing a takeover of Sky, Murdoch had been edging towards approval by offering remedies to overcome long-held concerns that he holds too much media sway in Britain, where he owns the Sun and Times newspapers.But Comcast, the owner of NBC and Universal, has made investors a higher offer with no political baggage for a business that Murdoch helped to launch and owns 39 percent of. Fox has ...

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First Published: Fri, March 09 2018. 23:23 IST