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Inquiry Into Murdoch's Sky Takeover Delayed Until After General Election

An investigation by the U.K. media regulator into Rupert Murdoch’s £11.7B ($15B) takeover of Sky "has been delayed until after the general election," according to Mark Sweney of the London GUARDIAN. Culture Secretary Karen Bradley was set to receive the findings of two Ofcom investigations, examining whether the takeover gives Murdoch too much control of U.K. news media and whether he is a “fit and proper” owner, by May 16. U.K. PM Theresa May’s decision to "call a snap general election" on June 8 means the deadline has now been extended to June 20. Under government rules governing “purdah” -- the period immediately before elections, which in this case started at midnight on April 21 -- Bradley is "not allowed to make a decision on the report." According to the Cabinet Office’s guidance to ministers and civil servants, “large and/or contentious [decisions] on which a new government might be expected to want the opportunity to take a different view from the present government, should be postponed until after the election” (GUARDIAN, 4/21). In London, David Bond reported having "already won approval for the deal from EC regulators in Brussels, the delay will be a setback for Rupert Murdoch’s Fox media empire which is pushing to close the deal, which was announced last December, quickly." Fox has offered shareholders £10.75 ($13.78) a share for the 61% of the European broadcaster it does not already own (FINANCIAL TIMES, 4/21).

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