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Murdoch threatens News closure if Sky deal not approved

While in the US, 21st Century Fox has been talking about selling off some of its content businesses to Disney (see separate story in this issue) much of the UK coverage this week around the company has been about machinations to acquire 100% of Sky across Europe. The £11.7 billion bid for the 61% of shares which 21st Century Fox does not hold, has fallen foul of the Culture Secretary in the current government, who has referred it to the Competition and Markets Authority. This week two new developments occurred, firstly that the Telecoms Regulator Ofcom, ruled that some of the programs that Sky has shown in the past breached impartiality rules embedded in broadcasting law, and secondly 21st Century…

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