Britain Clears Way For Murdoch To Battle Comcast For Sky


LONDON – Rupert Murdoch faces a 22 billion pound ($29.3 billion) fight with U.S. cable company Comcast for European pay-TV company Sky after Britain cleared his bid providing he sells off its TV news business.

A sale of Sky News to Disney or another third party would be enough to allay concerns over the 87-year-old media mogul’s influence, Britain said on Tuesday.

Murdoch’s Twenty-First Century Fox launched a 10.75 pound-a-share bid to buy all of Sky in December 2016, but the takeover has been held up by politicians and regulators who fear it will give him too much sway when combined with his newspaper interests.

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