Murdoch ‘close’ to BSkyB deal

News Corporation is close to reaching a compromise with the Office of Fair Trading over its bid to takeover BSkyB, according to the Financial Times.

“People familiar with the process” told the paper that Rupert Murdoch’s media empire was “much nearer than previously reported to satisfying objections that combining full ownership of BSkyB with its other assets would reduce the diversity of news provision in Britain”.

It is believed that News Corp is willing to surrender control of Sky News for the sake of the deal going through, making a potential six month review by the Competition Commission unnecessary.

(Source: Financial Times)

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(Source: POLIS)

 

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