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Fox offers sale of Sky News to clear merger - Venture Insights

Report Overview

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Fox offers sale of Sky News to clear merger

PublisherEnders Analysis.
Publish Date April 19, 2018
Sector Media, TV.
Company 21st Century Fox, Ofcom, SKY.

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The Competition and Markets Authority (CMA) will report on the public interest (PI) aspects of the Fox/Sky merger on 1 May to Secretary of State (SoS) Matt Hancock, who will announce his decision on 13 June to the Commons

Fox has offered to sell Sky News to Disney, which will prevent the Murdoch family from ever exercising control or influence and might appease opponents of the merger

The CMA is likely to advise the SoS to clear the merger, conditional on the Sky News sale to Disney, which the SoS could accept. Fox will then participate in the end-game for Sky, where Comcast is also a determined bidder