Axar.az
UP
23 May 2019


Disney bids for Sky News to aid Murdoch's Sky takeover

Home page Social
12 Punto 14 Punto 16 Punto 18 Punto

Walt Disney is making a bid to buy Sky News that would help Rupert Murdoch’s 21st Century Fox attempted takeover of Sky that was blocked by the U.K. regulators, according to a document submitted Tuesday to British regulator.

Axar.az reports citing AP.

"The Walt Disney Company has expressed an interest in acquiring Sky News, with a view to adding it to Disney's existing portfolio of television channels," said 21st Century Fox's document submitted to the U.K.'s Competition and Markets Authority (CMA).

The CMA in January, rejected 21st Century Fox's attempt to takeover Sky, citing that the £11.7 billion ($16.5 billion) deal would give Murdoch "too much control over news providers across all media platforms, and as a result too much influence over public opinion and the political agenda."

The Murdoch family own 39 percent of Sky through 21st Century Fox.

Twenty-First Century Fox also proposed in the document to establish Sky News as a distinct company within the Sky Group with its own fully independent board, and Sky News would operate independently with guaranteed funding from 21st Century Fox for 15 years.

CMA could still find regulatory obstacles in the deal because The Walt Disney Company announced in December that it would acquire 21st Century Fox in a landmark deal worth $52.4 billion.

Disney, however, would still be interested to acquire Sky News "whether or not Disney's proposed acquisition of 21st Century Fox proceeds," according to the document.

Date
2018.04.03 / 23:56
Author
Axar.az
Comments
See also

Momani’s answer to Klopp’s statement about Baku – Photo

Azerbaijani model reportedly sells virginity for $3.5 Mln

Denmark labelled world's 'Least Feminist' place

Bring your old phone and get brand new 4G Nokia smartphone

Google's slideshow doodle for International Women day

Why do airplane seats have cameras?

10 things to do for singles on Valentine's Day - Photo

China blocks Microsoft

BHOS students participate in Development Program

World media gather in Istanbul for Palestine

Latest
 
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla