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Sky Shares Leap After Britain’s Media Watchdog Delays Decision on Fox Takeover

“Sky Plc (SKYAY) shares jumped to the top of the market in London Thursday after Britain’s competition watchdog said it would delay its final decision on the proposed $15 billion takeover bid from 21st Century Fox, triggering a special payout to shareholders” writes Martin Baccardax for thestreet.com. The Competition and Markets Authority, which is reviewing the Rupert Murdoch-controlled group’s attempt to buy the 61% of Sky that it doesn’t already own, said Wednesday it had received 12,000 submissions of evidence regarding the takeover and, as such, needs more time to come to a decision.
 
Source: thestreet.com



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