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UK confirms Murdoch's Sky bid will be examined over broadcasting standards

Reuters  |  LONDON 

LONDON (Reuters) - Rupert Murdoch's planned $15 billion takeover of European broadcaster Sky will be referred to regulators over concerns about broadcasting standards, Britain's Culture and Media Secretary Karen Bradley said on Thursday.Bradley had said on Tuesday she was "minded" to refer Twenty-First Century Fox's planned purchase of the 69 percent of Sky it does not already own to the Competition and Markets Authority (CMA) to look into corporate governance.That surprise announcement sent London-listed shares in Sky down 5 percent before they later recovered, and Bradley now said she could ...

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First Published: Thu, September 14 2017. 16:15 IST