Murdoch Invokes Brexit to Entice Britain to Approve Sky Purchase
The Murdochs are trying to buy the rest of Sky that they don't already own.
James Murdoch, son of Australian media magnate and 21st Century Fox (FOXA) - Get Report owner Rupert Murdoch, said that the U.K.'s approval of his father's attempts to purchase pay-TV broadcaster Sky would show the world that the U.K. is open to investment post-Brexit.
Fox's $15 billion bid for the station was referred to the U.K.'s competition committee Thursday for a 24-week investigation into the sale's potential impact on media competition in the country.
Murdoch already owns multiple media outlets in the country including The Sun, The Times and The Sunday Times.
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