EU regulators approve Fox plans to buy Sky

EU regulators approve Fox plans to buy Sky

The European Commission has given the green light to Rupert Murdoch's Twenty-First Century Fox to acquire Sky for £11.7 billion.

With the reelection of a Tory government in the United Kingdom, and Donald Trump in the US, European authorities appear in no mood to fight the media titan.

Ofcom is due to report back to Karen Bradley, the culture secretary, with the outcome of its investigation by 16 May.

Assembly convenes hoping to break budget gridlock
State lawmakers, however, will not receive a paycheck until they pass a finalized budget, which the law calls for by April 1. But for someone like Cuomo, whose ideology bends only toward the consolidation of power, this is what triumph looks like.

Murdoch and his family have long coveted full control of Sky, despite the damaging failure of a previous attempt in 2011 when their British newspaper business became embroiled in a phone-hacking scandal.

Under EU rules, the European Commission had about a month to decide if the deal would "significantly" reduce competition.

Fox already owns 39% of Sky.

Duterte sacks interior minister after 'loss of trust'
Antonio Trillanes IV said corruption remained "rampant" in the government and called the firing of Sueno "a convenient excuse". There was no immediate indication of whether Sueno would also face criminal charges over the alleged offenses.

21st Century Fox is a step closer to acquiring the 61% share of pay-TV giant Sky which it does not already own: The European Commission today cleared the transaction. They compete with each other only to a limited extent, mainly in the acquisition of TV content and in the wholesale supply of basic pay TV channels.

21st Century Fox noted that It now looks forward to continuing to work with United Kingdom authorities and is confident that the proposed transaction will be approved following a thorough review process. Sky is the owner of Sky News, the global news company based in the United Kingdom, that is also available to USA audiences through Apple TV, Roku and other devices.

It also argues that splitting the publishing and the TV and film operations into two companies solves corporate governance, competition and plurality issues.

Amazon launches "Amazon Cash"
This makes sense as e-commerce in the USA has slowed down and Amazon is facing tough competition from Alibaba BABA and eBay EBAY. According to Amazon , the new Amazon Cash service is "simple, quick, and there are no fees".

The Commission, which polices the EU's anti-trust cases, said its finding was based exclusively on an assessment of the market impact of the deal, not on the issue of plurality in media ownership which is the focus of the British probe.

Related Articles

  • Comcast Jumps Into Wireless Service With Xfinity Mobile Using Verizon's Network

    Comcast Jumps Into Wireless Service With Xfinity Mobile Using Verizon's Network

    Customers can also pay as they go at $12/GB of data - and switch from that plan to unlimited and back again with no penalties . Comcast executives said the Verizon partnership featured good economics for both sides even though the companies will compete.
    Simon Gotch of The Vaudevillains released by WWE after WrestleMania 33

    Simon Gotch of The Vaudevillains released by WWE after WrestleMania 33

    Poor booking choices and the nearly extinct division on Smackdown Live hurt any potential the two had as a team in the WWE . No word yet on what will happen to Aiden English of The Vaudevillains but Gotch is already taking indie bookings.

    Police release 6 people arrested in Westminster attack investigation

    As we reported Thursday, the attack's victims are from a wide cross-section, representing at least 12 nationalities. Deputy Assistant Commissioner Neil Basu said there was no intelligence to suggest further attacks were planned.
  • Smith leads Pune chase to beat Mumbai in IPL opener

    Smith leads Pune chase to beat Mumbai in IPL opener

    Just two balls later, Tahir dismissed opener Butler, who was going great guns, in an LBW decision to rock the Mumbai innings. RPS secured the services of Ben Stokes, who became the highest paid foreign player in the history of the tournament.
    Howell PD: Sidetracked motorist hit cop promoting safe driving campaign

    Howell PD: Sidetracked motorist hit cop promoting safe driving campaign

    Nationally, distracted driving took the lives of 3,477 in 2015, a National Highway Traffic Safety Administration report states. In addition to the #77 program expansion, Porrino said an enforcement blitz has been initiated by the State Police.
    Md. lawmakers don't want to delay police reforms

    Md. lawmakers don't want to delay police reforms

    Department of Justice said this week it will review its past agreements with law enforcement agencies nationwide. Bredar to pause the consent decree process for 90 days.
  • Autopsy 'shows chemical weapons used in Syria attack'

    Russia's ambassador at the United Nations dismissed the U.S. -British-French resolution as "hasty". The Britain-based Syrian Observatory for Human Rights monitoring group put the toll at 86 killed.
    Calvary Fellowship Will Host Enormous Easter Egg Hunt in West Hartford

    Calvary Fellowship Will Host Enormous Easter Egg Hunt in West Hartford

    Each age groups has a dedicated area of the park which is roped off, allowing all children to gather their eggs at the same time . The hunt will feature 1,000 more prize-filled eggs than a year ago , according to community events coordinator Shelly Ferguson.
    New Arizona sheriff puts an end to Joe Arpaio's controversial jail complex

    New Arizona sheriff puts an end to Joe Arpaio's controversial jail complex

    He is already phasing out Arpaio's signature practice of making inmates wear pink underwear. "It is not tough on criminals". KJZZ's Jimmy Jenkins was there at the press conference on Tuesday and has been covering the new sheriff's administration.
  • Trevor Steven: Antonio Conte's mistake has given Tottenham hope of catching Chelsea

    Trevor Steven: Antonio Conte's mistake has given Tottenham hope of catching Chelsea

    Things have been going very well for us this season the majority of the time but it wasn't to be. But they're decent at home, and I actually think the Spurs game on Saturday was quite even.

    Scotland's minister, a Trump critic, says she would meet him

    Nicola Sturgeon has said Donald Trump's ownership of golf resorts in Scotland will not stop her from standing up to the U.S. president.

    Six detained in St Petersburg for suspected ISIS recruitment

    Meanwhile, his parents - who have said they have not seen their son for quite some time - arrived in St. Extremist Islamist literature was discovered during a search of the detainees' homes, officials said .