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Update on the Culture Secretary's consideration of the proposed merger between 21st Century Fox Inc. and Sky Plc.
Culture Secretary refers proposed merger between Sky Plc and 21st Century Fox to the CMA
The Secretary of State for Digital, Culture, Media and Sport has today referred the proposed merger between Sky Plc and 21st Century Fox to the Competition Markets Authority (CMA) for a Phase 2 investigation on the media plurality and genuine commitment to broadcasting standards media public interest grounds. The CMA have 24 weeks in which to report back (extendable by up to eight weeks in certain circumstances).
The terms of reference of the formal referral and related letters are available here.
Correspondence between Sky and 21st Century Fox and the Department for Digital, Culture, Media and Sport on the proposed merger are also published today.