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 UK government clears Fox's bid for broadcaster Sky, pending the sale of Sky News

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PostSubject: UK government clears Fox's bid for broadcaster Sky, pending the sale of Sky News   Tue Jun 05, 2018 10:17 pm

After around 18 months of regulatory scrutiny, Britain's government said Tuesday it was now prepared to give Fox the go-ahead to buy Sky.
Comcast submitted a competing offer for Sky in February, prompting Sky's independent board members to withdraw their recommendation of the offer from Fox.
The media landscape has seen a flurry of takeover proposals in recent months, as established players look to try to consolidate in order to remain both relevant and profitable.

https://www.cnbc.com/2018/06/05/uk-government-clears-fox-bid-for-broadcaster-sky.html

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