the reaper
VIP Member
The UK government has cleared a proposed deal for Rupert Murdoch's 21st Century Fox to buy Sky.
The British broadcaster has been the subject of a fierce bidding war between Fox and US cable giant Comcast.
Comcast's bid has already been cleared, and Culture Secretary Jeremy Wright said Fox can go ahead if it sells Sky News.
Fox has been trying to get approval from UK regulators since 2016 to buy the 61% of Sky it does not already own.
Politicians and regulators were concerned it could give Mr Murdoch too much power over the media in the UK.
There were also worries about Sky News' long-term financial viability, and how independent it would be editorially.
Reaper.
The British broadcaster has been the subject of a fierce bidding war between Fox and US cable giant Comcast.
Comcast's bid has already been cleared, and Culture Secretary Jeremy Wright said Fox can go ahead if it sells Sky News.
Fox has been trying to get approval from UK regulators since 2016 to buy the 61% of Sky it does not already own.
Politicians and regulators were concerned it could give Mr Murdoch too much power over the media in the UK.
There were also worries about Sky News' long-term financial viability, and how independent it would be editorially.
Reaper.