Campaigners to challenge 'fit and proper' ruling on Fox bid for Sky in court [Reuters (UK)]
Fox Corporation - Class B (FOX)
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Source: Reuters
Campaigners to challenge 'fit and proper' ruling on Fox bid for Sky in court | Reuters Reuters Staff 2 Min Read LONDON (Reuters) - The decision by regulators that Twenty-First Century Fox ( FOXA.O ) would be a “fit and proper” owner of Sky ( SKYB.L ) will be challenged in court, campaign group Avaaz said on Wednesday. In a potential new hurdle for the proposed $15.7 billion takeover of Sky, Avaaz said that a High Court judge had allowed the challenge to broadcast regulator Ofcom’s ruling last June that a Fox-controlled Sky would be a ‘fit and proper’ owner of broadcast licences in Britain. Avaaz said the case would be heard before the end of June, potentially complicating an agreement to sell Sky to Fox and then on to Disney ( DIS.N ) if a separate sale of tycoon Rupert Murdoch’s TV and film assets receives the green light. The regulator said allegations of sexual and racial harassment at Fox News in the U.S. were extremely serious and disturbing, but had found no clear evidence
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