Government asks for more advice from Ofcom on Sky bid

Government asks for more advice from Ofcom on Sky bid

The Government has asked for more advice from Ofcom on 21st Century Fox's £11.7bn bid for Sky in the light of "new evidence and comments".

The communications regulator has received a letter from the Department for Digital, Culture, Media and Sport asking for more input before the Culture Secretary Karen Bradley decides whether the proposed purchase should face an in-depth investigation.

Fox, the international film and television giant behind hit shows like The Simpsons and Modern Family, already owns a 39.1% stake in Sky.

It tabled a proposal just before Christmas to buy the remainder of the company for £11.7bn, valuing the whole of Sky at £18.5bn.
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