Fears of Sky takeover diminished due to pay-TV shakeup, ex-culture secretary says

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Netflix and Amazon Prime’s shake-up of the UK pay-TV market has undercut fears Rupert Murdoch will wield too much influence if he buys Sky, former culture secretary John Whittingdale said. 

Whittingdale expects the £18.5 billion deal to be referred to Ofcom but said it was unlikely to attract the same anti-trust fears which derailed Murdoch’s last bid for Sky, which broadcasts The Affair (pictured), in 2011.

Whittingdale, who grilled Murdoch over the phone-hacking scandal, told the Standard: “Competition in the areas in which Sky is operating has increased in the last couple of years. 

“The pay-TV market has big players like Amazon, Netflix and BT entering the market. Since the last bid there has been an increase in competition, so Sky’s share of that is diminished.” 

Murdoch’s Fox wants to buy the  61% of Sky it does not already own for £10.75 a share.

 

Source Article from http://www.standard.co.uk/business/fears-of-sky-takeover-diminished-due-to-paytv-shakeup-exculture-secretary-says-a3420066.html

December 15, 2016 |
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