Sky gets weary but will push forward on its acquisition by Fox

Reimagine Ventures

Sky plc, a British broadcaster said despite current delays, it will push ahead with its plan to get acquired by Rupert Murdoch’s 21st Century Fox Inc.

The company expressed its disappointment that its acquisition by Fox will linger as the UK’s Secretary of State for Digital, Culture, Media and Sport raised further queries on the proposed deal.

Sky said in brief statement that:

We are disappointed by this further delay and that the Secretary of State is now minded to refer the proposed acquisition to the CMA in relation to broadcasting standards despite Ofcom, as the independent broadcast regulator, maintaining its advice that there are not sufficient concerns to justify such a reference.

The company added that “Nevertheless we will continue to engage with the process as the Secretary of State reaches her final decision”.

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