British Government Confirms It Will Refer Fox-Sky Takeover Bid for In-Depth Review

The British government confirmed Thursday that it would, as expected, send 21st Century Fox’s $15 billion takeover bid for Sky to the U.K.’s Competition and Markets Authority for a formal review. The authority will take about six months to investigation whether Fox and the Murdoch family would wield too much power on the British media... Read more »

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