Tuesday, January 25, 2011

U.K. to Hear News Corp.'s Case for BSkyB

LONDON—The U.K. government Tuesday gave media giant News Corp. the chance to provide "undertakings" over its £7.8 billion ($12.48 billion) proposed takeover of British Sky Broadcasting Group PLC before deciding whether to refer the deal to the competition regulator.

Secretary of State for Culture, Olympics, Media and Sport Jeremy Hunt said he currently intends to refer the merger to the Competition Commission because "on the evidence available, I consider that it may be the case that the merger may operate against the public interest in media plurality."


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