Britain unlikely to investigate Comcast bid for Sky, says minister


LONDON (Reuters) - Britain said it was unlikely to refer Comcast's bid for Sky for a lengthy investigation after an initial review found that the $30 billion offer did not raise public concerns about media ownership.

Media minister Matt Hancock said however that he would give interested parties until 1700 local time on May 24 to respond before giving his final decision on whether the deal should be examined by British as well as European officials. Sky is at the centre of a bid battle between Comcast, the world's biggest entertainment company,.....

This article is no longer available in our repository.

There could be multiple reasons for this.