Broadcasting, Radio and Television | Isleworth, UK | Corporate Acquisition
21st Century Fox's proposed £11.7 billion takeover of Sky has been dealt a blow after the UK government signalled its intention to ask the Competition and Markets Authority to further examine the deal. This comes after separate reports from the CMA and regulator Ofcom expressed concerns over the takeover. The two companies have until 14 July to respond to the government before a final decision is reached on next steps. Sky (LON: SKY) closed up 3.3% on Thursday.