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21st Century Fox Bid for Sky Is Provisionally Rejected by U.K. Regulator [The New York Times]

TWENTY-FIRST CENTURY FOX (FOXA)  More Company Research Source: The New York Times
Last twenty-first century fox earnings: 5/9 04:04 pm Check Earnings Report
US:NASDAQ Investor Relations: 21cf.com/investor-relations
PDF By PRASHANT S. RAO JAN. 23, 2018 Photo The headquarters of the British satellite broadcaster Sky in London, the target of a bid by 21st Century Fox in a deal that had been valued at $16.3 billion. Credit Daniel Leal-Olivas/Agence France-Presse — Getty Images LONDON — Britain’s competition regulator provisionally rejected on Tuesday a bid by 21st Century Fox to take control of the British satellite broadcaster Sky on the grounds that it was “not in the public interest,” it said in a statement. The regulator, the Competition and Markets Authority, had been assessing whether the $16.3 billion deal, announced in December 2016 , would negatively affect media plurality in Britain and whether it would affect broadcasting standards in the country. The regulator said on Tuesday that it had rejected the proposed deal “due to media plurality concerns” and that, as a result, it “provisionally concludes that the proposed t [Read more]

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