The government has increased comcast in its fight with 21st century Fox to control the sky, the alarm will not face the same scrutiny that delayed the capture of Murdoch.
Matt Hancock, the Minister of culture, said that he was going to intervene in the proposed acquisition.
He noted that “the proposed merger is not a cause for concern from the point of view of public interest, which could meet the threshold for intervention.” Mr. Hancock has the right to initiate investigation of the effect of the combination of comcast and sky would have on media pluralism.
In relation to the Murdoch family Comcast has little interest in the UK media. It owns NBCUniversal, which runs the few British pay-TV channels and has a stake in the Internet site.
The preliminary decision means that £22 billion Comcast bid could be accepted at about the same time as Mr. Hancock for decision-making about the plans of the Fox.
Along with the UK process comcast is looking for the green light in Brussels, with the decision June 15. Mr. Hancock was until 13 June to consider the question of whether to block Fox request for consultation from the competition and markets authority (CMA).
British watchdog of mergers and found that full control of the sky force family of Murdoch too much power over the media, given that they are also a major British newspaper publishers through their control of the “news Corp”
Fox, which currently owns 39pc of the sky, suggested that the ring-fence sky news or sell it to Disney in an attempt to solve the problem. Earlier investigation by ofcom found such measures will mitigate the impact on media pluralism, but the government also sought the advice of the CMA. All sides are now waiting for the decision of Mr. Hancock.
Control of media power Rupert Murdoch’s Fox has postponed the application in the sky
Statement by the Minister of culture on comcast’s holding Murdoch more vulnerable to his attack. Fox was lobbied to slow down his opponent so that he can offer sky shareholders earlier repayments.
The possession of heaven now, most likely, will be determined by the highest bid. To the acquisition are offered £12.50 per share, while the 18-month £10.75 per share offer from Fox, is expected to be increased.
However, the existing stock of Fox in the sky is still an advantage. This will require support from other shareholders to provide the absorbance at Comcast needs half of the total register, including Fox.
39pc in the sky controlled by the Murdoch family can be a powerful opposition. In conjunction with retail shareholders the sky, many of whom are unlikely to vote and index funds, which are often limited from participation in the seizure, hitting the threshold, 50pcs can be a problem for Comcast.
At a glance | Comcast
Fox has already agreed to sell their stake or sky the sky at Disney within 52bn $the sale of an asset which would see the retreat of the Murdoch Empire from global entertainment as the threat from the tech giants is increasing. In accordance with the terms of sale Fox need permission from Disney to increase its offer in the sky.
Comcast is also preparing an attempt to disrupt that big a deal. He was able to offer shareholders a Fox $60 billion in cash next month if the U.S. Supreme court approved comparable “vertical” combination of telecommunications and mass media. Capture and time Warner opposes the U.S. Department of justice and the competition court due to rule on June 12.
A decision in favor could bring home the basketball Palace of comcast, Brian Roberts Executive to make a move on Fox, and sky.
The representative of Brazil stated: “we welcome statements from the Secretary of state. We continue to focus on the development of our excellent offer for the sky”.