Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Science
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Find Cricket Statistics
Hindi
More
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Science
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Business News / More time for regulators to probe Sky-21st Century Fox deal
  • Business

    More time for regulators to probe Sky-21st Century Fox deal

    Written by
    Sneha Johny
    Edited by
    Abheet Sethi
    Last updated on Apr 22, 2017, 12:56 pm
    More time for regulators to probe Sky-21st Century Fox deal
  • The British government has extended the deadline for authorities to examine the proposed takeover of broadcaster Sky by 21st Century Fox, due to the upcoming general elections in June. Instead of May, they now have to submit a report by June 20.

    Regulators will investigate if Sky's potential new owners are "fit and proper", considering current broadcasting standards and media plurality.

  • In this article
    Sky News Rupert Murdoch's tryst with Sky News Murdoch's attempts at gaining remaining shares in BSkyB BSkyB rebrands as Sky Rupert Murdoch's Fox empire acquires Sky News for $14.6 billion Former PM Brown urges government to delay the deal Fox seeks EU approval for $14.4bn Sky takeover EU clears 21st Century Fox's takeover of Sky More time for regulators to probe Sky-21st Century Fox deal
  • About

    Sky News

    Sky News
  • Sky News is a news and multimedia company based in Britain.

    Apart from hosting a diverse number of shows across various platforms such as television, online, mobile devices, it also permits users to stream them on Apple TV and YouTube.

    Owned by Sky PLC and currently led by John Ryley, the broadcaster is available worldwide except in Australia and New Zealand.

  • Beginnings

    Rupert Murdoch's tryst with Sky News

    Rupert Murdoch's tryst with Sky News
  • Media mogul Rupert Murdoch, who runs 21st Century Fox and News Corp, launched Sky Television on 5 February 1989.

    Soon after, Murdoch merged the company with rival BSB to create BSkyB in late 1990.

    In November 1994, BSkyB went public and offered 20% of its stock to investors, which reduced Murdoch's holding in the company to 39%.

  • Deal talk

    Murdoch's attempts at gaining remaining shares in BSkyB

    Murdoch's attempts at gaining remaining shares in BSkyB
  • Nearly six years ago, Rupert Murdoch engaged BSkyB in talks to ink a potential deal to gain the remaining 61% of Sky News that he does not own.

    But one year later, Murdoch's British newspaper, News of the World, was embroiled in a phone-hacking scandal that stripped the paper of its reputation.

    Murdoch abandoned any further deal talks to acquire Sky after the fiasco.

  • Information

    BSkyB rebrands as Sky

  • In July 2014, BSkyB underwent a transition and rebranded itself as Sky, and Murdoch's son, James Murdoch took over as Sky Chairman.

  • 16 Dec 2016

    Rupert Murdoch's Fox empire acquires Sky News for $14.6 billion

    Rupert Murdoch's Fox empire acquires Sky News for $14.6 billion
  • Rupert Murdoch's 21st Century Fox has acquired British multimedia company Sky News for $14.6 billion, reports said.

    In a battle to acquire viewership and take on rivals such as Netflix, the company's deal with Sky will enable it to gain control of over 22 million customers across Europe.

    Fox will pay £10.75 per share for the 61% of Sky News it does not own.

  • Quote

    Former PM Brown urges government to delay the deal

  • "It is clear that, given these questions (about wrongdoing), the Leveson 2 inquiry should take place in advance of any final decision related to the future of Sky," former British PM Gordon Brown said, urging the government to complete an inquiry into the phone-hacking scandal.

  • 04 Mar 2017

    Fox seeks EU approval for $14.4bn Sky takeover

    Fox seeks EU approval for $14.4bn Sky takeover
  • Rupert Murdoch's Twenty-First Century Fox have asked the European Union's antitrust regulators to approve its $14.4 billion acquisition bid for European TV company Sky.

    The deal would help Fox better compete with rivals such as Netflix.

    The EU regulators will decide on whether to approve the deal by April 7. They might demand concessions or conduct a five-month long investigation.

  • 10 Apr 2017

    EU clears 21st Century Fox's takeover of Sky

    EU clears 21st Century Fox's takeover of Sky
  • The European Commission competition authorities "unconditionally" cleared 21st Century Fox's bid to buy the remaining 61% share of broadcaster Sky.

    However, the deal could still face regulatory issues in the UK where Sky is based.

    21st Century Fox is offering $14.48 billion for the remaining 61% stake in Sky, thus valuing Sky at a total of $22.89 billion.

    Fox graciously welcomed the decision.

  • 22 Apr 2017

    More time for regulators to probe Sky-21st Century Fox deal

    More time for regulators to probe Sky-21st Century Fox deal
  • The British government has extended the deadline for authorities to examine the proposed takeover of broadcaster Sky by 21st Century Fox, due to the upcoming general elections in June. Instead of May, they now have to submit a report by June 20.

    Regulators will investigate if Sky's potential new owners are "fit and proper", considering current broadcasting standards and media plurality.

  • YouTube
  • Rupert Murdoch
  • Fox News
  • New Zealand
  • European Union
  •  
Latest News
  • Prince Harry's James Corden interview caused ''disquiet' at Buckingham Palace?
    Prince Harry's James Corden interview caused ''disquiet' at Buckingham Palace?
    Entertainment
  • Samsung Galaxy M31s becomes cheaper; now starts at Rs. 18,500
    Samsung Galaxy M31s becomes cheaper; now starts at Rs. 18,500
    Science
  • 'Baahubali' writer roped in for 'Sita - The Incarnation'
    'Baahubali' writer roped in for 'Sita - The Incarnation'
    Entertainment
  • BS6 Kawasaki Ninja 300's colors and engine details revealed
    BS6 Kawasaki Ninja 300's colors and engine details revealed
    Auto
  • La Liga, Sevilla 0-2 Barcelona: Records broken
    La Liga, Sevilla 0-2 Barcelona: Records broken
    Sports
Trending Topics
Bharti Airtel Mukesh Ambani WhatsApp Reliance Jio OPPO Isha Ambani Gross Domestic Product
Next News Article
Share
Cancel

Want to share it with your friends too?

Facebook Whatsapp Twitter Linkedin
Copied

Love Business news?

Subscribe to stay updated.

Business Thumbnail
India News Business News World News Politics News Sports News Science News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Bharti Airtel Mukesh Ambani Indian Premier League Samsung Virat Kohli Rohit Sharma
Cricket News YouTube Hollywood News WhatsApp Bollywood News ISRO Yoga Honda Batman Football News
BMW Vaccine Reliance Jio OPPO Food News, Healthy Recipes Royal Challengers Bangalore Toyota Fashion Tips Farmers Protest Mohammed Bin Salman
Mercedes Europa League Isha Ambani India Vs England Cricket OnePlus Mobiles Android TV Smart TV Marvel Comics Avengers Neha Kakkar
Premier League Big Bang Theory X-Men TATA
About Us Privacy Policy Terms & Conditions Contact Us News Reviews News Archive Topics Archive Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2021