Sky agrees to be acquired by Fox for GBX 1,075 per share.
On Jan. 23, the U.K. Competition and Markets Authority provisionally found that 21st Century Fox’s offer to acquire the 61% of Sky it doesn’t already own is not in the public interest. The CMA believes the Murdoch Family Trust, which controls Sky and several newspapers in the United Kingdom, has too much power and will increase it with full control of Sky. The CMA says almost one third of the U.K.’s population receives its news from Murdoch-controlled entities. We disagree that the Murdoch famil...
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