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UK delays provisional findings in Sky-Fox review

Published 12/06/2017, 10:18 AM
© Reuters.  UK delays provisional findings in Sky-Fox review
  • The UK has delayed its release of provisional findings regarding Fox's (FOX -0.4%, FOXA -0.2%) bid to buy out the rest of broadcaster Sky (SKYAY +1.3%) until next month.
  • But it expects that shouldn't change the overall timing of the review, which pushed into spring 2018 when regulators decided to take a deeper look at implications of the $15B deal.
  • The Competition and Markets Authority had planned to make findings public the week of Dec. 18.
  • Meanwhile, as Fox discusses selling assets to companies like Disney and Comcast (NASDAQ:CMCSA), any stake in Sky would be included in such a sale.
  • Now read: Wall Street Breakfast: Holy Sell-Off Hits The Markets


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