The officials stated that the ongoing investigations were not a stamp of the companies’ guilt.
If you recall, Fox has been struggling to get approval in the UK for its purchase of Sky plc. Despite the EU approving the deal, the UK authorities have been stalling the approval process as they are not very thrilled about giving the Rupert Murdoch-owned company too much control over the British media.
Fox is also trying to fight off Comcast (CMCSA) who made a bigger bid for Sky recently.
Despite the EU approving the deal, the UK authorities have been stalling the approval process as they are not very thrilled about giving the Rupert Murdoch-owned company too much control over the British media.
Fox volunteered to either sell Sky News or spin it off independently to ease regulatory concerns. Disney (DIS), which already has a proposed a deal to acquire Fox’s entertainment assets, offered to purchase Sky News too to help facilitate all the transactions for all the parties involved.
A decision is expected soon in the UK regulatory review of the Sky deal.