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UK Government refers £11.7bn Murdoch Sky take-over bid to Ofcom and Competition Authority

By Dominic Ponsford

Ofcom and the Competition and Markets Authority are to examine 21st Century Fox’s proposed £11.7 billion takeover of Sky, the Government has announced.

Culture Secretary Karen Bradley told MPs she has issued a European intervention notice on the grounds of “media plurality and commitment to broadcasting standards” linked to the bid from Rupert Murdoch’s company.

Bradley confirmed the decision in a statement to MPs in the Commons.

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