General World News

Fox investors shrug off UK regulator’s criticisms over its takeover bid of Sky (FOXA)

Fox stock price

  • 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.

Shares of 21st Century Fox were flat on Tuesday morning despite being dealt a blow by UK regulators that recommended read more >>>

Source:: BusinessInsider.Com