Murdoch's Sky bid faces full blown probe
Rupert Murdoch's £11.7 billion bid to take full control of Sky through 21st Century Fox will be referred to the competition watchdog for an in depth probe, Culture Secretary Karen Bradley has confirmed.
Earlier this week, Ms Bradley told MPs she is likely to refer the deal to Competition and Markets Authority (CMA) for a full blown investigation centred on broadcasting standards and media plurality grounds.
On Thursday, she said that after receiving letters from both Fox and Sky voicing their disagreement with the decision, they would not be making substantive representations in relation to it.
Ms Bradley said: "As a result, I can confirm my final decision is to refer the merger to the CMA for a Phase 2 investigation on media plurality and genuine commitment to broadcasting standards grounds.
"I will issue and publish my formal referral decision in the coming days. I will also publish the substantive representations I have received during this process shortly."
The CMA has around six months to investigate the merger and provide Ms Bradley with advice, after which she must then come to a final decision on whether or not the merger can proceed, including any conditions that will apply in order to do so.
Mr Murdoch's 21st Century Fox is attempting to acquire the 61% of Sky it does not already own.