21st Century Fox takeover of Sky given the thumbs up by Irish regulators

 
Oliver Gill
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Culture minister Karen Bradley will give her "minded to" decision this week (Source: Getty)

The 21st Century Fox takeover of Sky has received regulatory clearance from every country the FTSE 100 firm operates in aside from the UK.

The Irish government today gave the deal the thumbs up, following in the footsteps of the likes of Austria, Germany and Italy.

The decision by Ireland’s minister for communications, climate action and environment leaves UK culture minister Karen Bradley as last in the queue to make a formal announcement on the deal.

Read more: Culture minister to outline next steps on Fox Sky takeover

Bradley is due to reveal her “minded to” decision to parliament by 29 June. Last week the government said telecoms and competition regulators delivered their reports to the culture minister.

Although the UK decision will not be final, it will be the clearest indication as to whether the takeover is likely to encounter further challenge. In her announcement Bradley will be able to veto the deal outright, give it the green light or recommend a phase two, or more in-depth, investigation by the Competitions and Markets Authority.

Read more: Sky's shares take a tumble as election result raises Fox takeover concerns

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