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UK intervenes on News Corp. BSkyB bid

UK intervenes on News Corp. BSkyB bid

The British government has intervened to investigate the bid by Rupert Murdoch's News Corp. to buy full control of satellite broadcaster BSkyB.
Business Secretary Vince Cable on Thursday asked the broadcasting regulator, Ofcom, to investigate whether the News Corp. bid would damage competition.
The European Commission on Wednesday also said it was reviewing News Corp.'s bid.
News Corp. is seeking to acquire the 61 percent of BSkyB shares that it does not already own.


Updated : 2021-04-11 11:12 GMT+08:00