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Murdoch’s Sky bid faces more scrutiny
Rupert Murdoch’s £11.7 billion bid to take full control of Sky may be referred to the competition watchdog for a wider six-month investigation, Culture Secretary Karen Bradley said yesterday.
The announcement followed a consultation, which attracted thousands of responses, on 21st Century Fox’s plan to acquire the 61 per cent of Sky that it does not already own.
Ms Bradley originally intended to refer the bid to the Competition Market Authority (CMA) solely over its effect on media plurality, after regulator Ofcom warned that it would risk giving the tycoon “increased influence” over Britain’s news agenda.
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