The proposed £11.7 billion takeover of Sky by 21st Century Fox is not in the public interest as the combined group would have too much control over UK news media, the competition watchdog has provisionally found. The proposed £11.7 billion takeover of Sky by 21st Century Fox is not in the public interest as the combined group would have too much control over UK news media, the competition watchdog has provisionally found. The Competition and Markets Authority (CMA) said if Rupert Murdoch-owned Fox’s plan to take full control of Sky went ahead, it was “likely to operate against the public interest”. The Competition and Markets Authority is right to say that the Fox takeover of Sky would give the Murdoch family too much power. Labour’s deputy leader and shadow culture secretary Tom Watson tweeted: “The Competition and Markets Authority is right to say that the Fox takeover of Sky would give the Murdoch family too much power.

Source: Irish Independent January 23, 2018 07:41 UTC