Sky takeover: United Kingdom clears way for deal to proceed

Sky takeover: United Kingdom clears way for deal to proceed

United Kingdom culture minister Matt Hancock said the deal can move forward if Sky News is sold to a suitable third party.

The decision paves the way for Fox to battle rival Comcast to buy the European pay-TV company.

Hancock, however, said that a bid from 21st Century Fox cannot be approved until the media giant has provided adequate plans for the divestment of Sky's news product, Sky News, from its core business.

The Murdoch-controlled Fox has been attempting to address those concerns through a series of concessions, including selling Sky News to Disney once the deal is complete.

Fox has been chasing approval from United Kingdom regulators since 2016 to buy the 61% of Sky it does not already own.

His decision comes after an investigation by the Competition and Markets Authority (CMA) into whether controlling Sky would give Murdoch, who also owns the Times and Sun newspapers, too much influence in Britain's news media. Fox's pursuit has been held up over worries that it would give Murdoch, who also owns United Kingdom newspapers, too much influence over British media.

This resulted in Sky's independent board members withdrawing their recommendation of the offer from Fox, which already owns 39% of Sky.

Fox agreed in December to sell its film and TV studios, cable channels including FX and National Geographic and other assets to Disney in an all-stock deal.

"I am optimistic that we can achieve this goal, not least given the willingness 21st Century Fox has shown in developing these credible proposals".

However, he added that if it can't agree such terms that "the only effective remedy now would be to block the merger altogether. This is not my preferred approach".

Related News:

  • Stephan Lichtsteiner joins Arsenal on free transfer

    The Switzerland global is now a free agent, but the deal is subject to the completion of regulatory processes . He is closing in on a century of for Switzerland, appearing at two European Championships and two World Cups.

    Dolby Atmos is finally coming to Apple TV 4K

    No 4K HDR experience is complete without the audio to go with it, which is why Apple TV 4K now supports Dolby Atmos. It will be the only streaming box to do so although it requires a compatible sound bar and TV.
    Google Lens is now available on the Play Store

    Google Lens is now available on the Play Store

    It started out in Google Assistant on Pixel phones as a tiny little icon buried in a corner before moving into Google Photos . It seems that Google is really pushing its AI-empowered computer vision technology to all Android users as fast as it can.
  • Apple reveals iOS 12 - The big upgrades

    Apple reveals iOS 12 - The big upgrades

    With a new iOS 12 feature called Shortcuts, any app can add quick actions to Siri for fast, more streamlined access. Following Google's Android P announcements at its I/O conference , Apple is also adding digital well-being tools.
    These BlackBerry Key2 leaked pics don't leave much to the imagination

    These BlackBerry Key2 leaked pics don't leave much to the imagination

    I'm not a little bit embarrassed to say I'm really excited about the upcoming BlackBerry Key2 . There's also a USB-C port on the bottom of the phone and a headphone jack up top.
    Guatemala volcano death toll up to 33

    Guatemala volcano death toll up to 33

    Authorities in Guatemala say six people have been killed and 20 injured by the eruption of a volcano southwest of the capital. Volcan de Fuego, which translates to "volano of fire" exploded just before noon on Sunday, 27 miles from Guatemala City.
  • A year into boycott, few signs of crisis in Qatar

    Qatar is residence to the ahead headquarters of the US navy's Central Command and hosts round 10,000 American troopers. Qatar, however, refused to yield and denounced the demands as unreasonable, saying its sovereignty had been attacked.
    Keys has homework after downing Osaka

    Keys has homework after downing Osaka

    In earlier third-round action, Spanish No.3 seed Garbine Muguruza eliminated Samantha Stosur, thrashing the Australian, 6-0 6-2. Buzarnescu, who reached the final in Prague on clay last month, next faces American 13th seed Madison Keys, the 2017 U.S.
    Intel teases a ludicrous 28-core CPU at Computex, due late 2018

    Intel teases a ludicrous 28-core CPU at Computex, due late 2018

    As Intel's 50 anniversary draws near (June 18), it is giving away 8,086 Core i7-8086K through a sweepstake on its website . Participants can register for a chance to win in two days' time, but you'll only have 24 hours to enter.
  • Arsenal moves to sign €60m Barcelona star, Cillessen ahead of Chelsea

    Arsenal moves to sign €60m Barcelona star, Cillessen ahead of Chelsea

    Liverpool have also been linked with a move for the 29-year-old in recent days as their search for a new goalkeeper continues. According to Spanish publication Sport , Jasper Cillessen has become a wanted man in the current transfer window.
    Arsenal eye deal to sign 31-year-old Juventus defender

    Arsenal eye deal to sign 31-year-old Juventus defender

    Arsenal have assigned Sven Mislintat and Raul Sanllehi to take charge of transfer business in their new continental model. And recruiting defensive reinforcements for Unai Emery's squad has emerged as one of the duo's top priorities.
    Toure will play for £1 to prove Pep wrong

    Toure will play for £1 to prove Pep wrong

    Toure played for Guardiola at Barcelona before the pair reunited at Man City when the Catalan was appointed manager in 2016. Earlier, Guardiola had confirmed that Toure will the Manchester club at the end of the out-gone season.


Most liked

Frenchman aiming to swim across Pacific Ocean
His son and daughter joined him for the first 100 metres before rejoining well-wishers and family on the shore. Scientists are increasingly concerned about its effect on marine ecosystems and entry into the food chain.

Highway 401 bus crash: Photos from the horrific scene
Police have confirmed multiple injuries. "What I've been advised is that we have received five of the most critical". Runciman says the bus went off Highway 401 and hit a rock cut between Brockville, Ont., and Prescott, Ont.

Northern Rail Boss Faces Questions Over Travel Chaos
Transport Secretary Chris Grayling faced calls in the House of Commons to resign over the rail shambles. . Nearly one in 10 (9%) of GTR's trains were either cancelled or more than 30 minutes late on Friday.

Former US defence worker arrested for spying
He waved extradition proceedings during a court hearing in Seattle on Monday, clearing the way for him to be returned to Utah. The Defense Intelligence Agency hired Hansen as a civilian intelligence case officer in 2006.

Arsenal looking to recruit France worldwide under Emery’s orders
New Arsenal boss Unai Emery wants to make Sevilla midfielder Stevn N'Zonzi his first signing for the club, according to reports. Arsenal have not won the Premier League title since their famous unbeaten triumph in the 2003-04 campaign.

Lenovo's Z5 isn't the first truly bezel-less phone after all
There are two more Lenovo Z5 variants including Aurora and Indigo Blue which have been launched at CNY 1,399 (roughly Rs. 15,000). The volume rockers are present on the right along with the power button, and the fingerprint scanner is placed on the rear.

Nvidia introduces new AI-based products to power autonomous robots
If the Jetson Xavier name sounds familiar, it is because it is the same the processor from the Xavier Drive self-driving SoC. Next, AI, in combination with sensors and actuators, will be the brain of a new generation of autonomous machines .

North Atlantic Treaty Organisation chief says alliance won’t aid Israel if Iran attacks
Stoltenberg acknowledged that among the members of the unit, there is disagreement regarding the nuclear deal with Iran. Stoltenberg said that conflicts in the Middle East are not part of NATO's mission.

Pete Davidson & Ariana Grande Gush Over Each Other On Social Media
Seemingly commenting on her ex's new relationship for the first time, David made a humorous remark via social media on Friday. Davidson, who is a member of the Saturday Night Live cast, has been absolutely smitten with Grande.

Netanyahu says not surprised by Iran's enrichment intentions
This is a clear signal from Tehran that it is not simply a bystander and that if the nuclear deal collapses it has options, too. Kamalvandi reportedly added that Iran had a capacity to accelerate production of centrifuges for the uranium enrichment.

Georgia police officer fired after fleeing suspect hit by patrol vehicle
Spokesman Epifano rodriguez added: 'This was not the kind of conduct we would expect from an Athens-Clarke County police officer'. The police said Officer Saulters was maneuvering in an attempt to accelerate past Mr.

North Korea Just Replaced Three Top Military Officials - Cortney O'Brien
Last week Trump said he and the North Koreans "can go slowly" and the two sides do not plan to "sign something" on June 12. A report by South Korea's Yonhap news agency cites an unnamed intelligence source as confirming the information.

Pot, opioids now rival alcohol as risk factor in driver deaths
That is more than double the 16 percent of vehicle crash victims who were impaired by opioids at their time of death that year. More than half of the drivers had marijuana , opioids or a combination of the two in their system. "These are big-deal drugs".

Kanye West opens up about being 'diagnosed with a mental condition'
Writing on Twitter, West said he felt "so blessed" after all 7 songs from the album took over the charts on Apple Music and Spotify. "I had never been diagnosed until I was 39".

Pot, Opioids Now Rival Alcohol as Factor in Driver Deaths
Meanwhile, 44 percent of "fatally-injured drivers" tested positive for drugs, a statistic up 28 percent from 2006. Ralph Blackman is president and CEO of Responsibility.org, a foundation that promotes responsible use of alcohol.