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Secretary of State refers Fox/Sky merger to the CMA on public interest grounds
On 20 September 2017 the Secretary of State for Digital, Culture, Media and Sport, Karen Bradley, referred the proposed takeover of Sky plc by Twenty-First Century Fox, Inc. to the CMA for a Phase II review on public interest grounds, namely the effect that the takeover would have on media plurality in the UK and the commitment of Fox and Sky to broadcasting standards. The CMA will now carry out a full and detailed investigation over a six-month period and report back to the SoS. Interventions on public interest grounds are rare, and this represents the first Phase II review to be carried out solely on public interest grounds.
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Competition & Regulatory Newsletter (20 Sep - 03 Oct 2017)