Rupert Murdoch's 21st Century Fox takeover of Sky looks set for full investigation as company offers no Sky News concessions

 
William Turvill
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Rupert Murdoch is executive chairman of 21st Century Fox (Source: Getty)

The 21st Century Fox takeover of Sky looks destined for a full competition probe, with Rupert Murdoch’s company not expected to offer any Sky News concessions.

The US media company has until Friday at 5pm to offer concessions and attempt to prevent an in-depth Competition and Markets Authority (CMA) investigation.

It had been thought that Fox could attempt to avoid a CMA probe by making guarantees on the independence of Sky News. However, it is now understood that Fox will not be making any concessions.

Culture secretary Karen Bradley indicated at the end of June that she was “minded to” refer the £11.7bn deal to the CMA over concerns about diversity in the UK’s media sector.

And, with no concessions on the table, the deal looks set for a full investigation.

Fox agreed an £11.7bn deal to buy the 61 per cent of Sky it does not already own last December. A previous attempt by Murdoch’s News Corporation to take full control of Sky fell through in 2011, at the height of the phone-hacking scandal.

Fox declined to comment.

Read more: Should we fear Fox's takeover bid for Sky?

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