Fox investors shrug off UK regulator’s criticisms over its takeover bid of Sky (FOXA)
|01/23/2018||Posted by BusinessMediaguide.Com under General World News||
- 21st Century Fox‘s stock was flat on Tuesday morning after a UK regulator raised concerns over Fox’s takeover bid of British satellite company, Sky.
- The UK’s Competition and Markets Authority (CMA) recommended that the government provisionally block the Fox-Sky deal because they feared media mogul Rupert Murdoch and his family had an outsized influence over British media.
- The regulator’s final report on the Fox-Sky deal will be released in May.
- Watch 21st Century Fox’s stock move in real time here.