Deals
Fox-Sky Opponent Starts Legal Challenge of Ruling on Deal
- Activist group Avaaz calls fit-proper ruling ‘fatally flawed’
- Group demands Ofcom correspondence with Fox, DCMS over deal
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A key opponent of 21st Century Fox Inc.’s bid to acquire Sky Plc has initiated a legal challenge to the deal, calling on regulators to revisit their ruling that the U.K. pay-TV provider would remain fit to hold a broadcasting license under the control of media billionaire Rupert Murdoch.
In a letter to the chief of the U.K.’s Office of Communications, lawyers for political advocacy group Avaaz said the regulator’s initial ruling was “fatally flawed by material errors of law, fact and reasoning,” and demanded a fresh review of the 11.7 billion-pound ($15.1 billion) plan for Murdoch’s Fox to acquire the 61 percent of Sky it doesn’t already own.