Regulators Now Have an Extra Month to Report on Fox/Sky Merger

On Friday the British government extended the period in which competition regulators have to report on the $14.5 billion bid by Fox (FOXA) to take over pay-TV group Sky, by one month, Reuters reports. The extension was due to the country's national election on June 8.

The deadline has been extended to June 20, from May 16.

Last month Britain's culture, media, and sports secretary Karen Bradley became involved in the deal on the media public interest grounds of media plurality and commitment to broadcast standards, Reuters added.

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