September 4

News Corp nears BSkyB deal with OFT

first_img News Corp nears BSkyB deal with OFT Tags: NULL whatsapp Thursday 24 February 2011 8:55 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Sharecenter_img RUPERT Murdoch’s News Corp is closing in on a deal with regulators over its £7.8bn bid for broadcaster BSkyB, sources said yesterday.The media group is close to agreeing a series of undertakings with the Office of Fair Trading that would satisfy its concerns that a takeover would unduly concentrate the UK’s media sector.The concessions may see News Corp make structural changes such as separating out or essentially surrendering control of its Sky News unit rather than just ensuring the two news providers remain distinct.Sources close to News Corp told City A.M. last night that there had been a lot of back and forth with the regulators after the company submitted its proposals to them. News Corp is keen to avoid a full Competition Commission probe into its bid to acquire the remaining 61 per cent of BSkyB it does not already own and is prepared to make concessions to do so. Culture secretary Jeremy Hunt has said he intends to refer the deal to the Commission, but last month granted News Corp an extension to address media plurality issues. Analysts have said News Corp would be unlikely to offer Sky News as a concession unless necessary. But Murdoch is now thought to be keen enough to close the deal for BSkyB, which is currently valued at £13.2bn, to agree to it.It would almost certainly mean News Corp avoiding a six-month review by the Competition ­Commission.FAST FACTS | BSKYB TAKEOVERNews Corp made a 700p per share bid for BSkyB’s remaining 61 per cent in June 2010.The deal values the broadcaster at £13.2bn. If Jeremy Hunt approves an agreement, the deal will go to a 15-day public consultation. whatsapp More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Show Comments ▼ KCS-content last_img

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