Deals
U.K. Subjects Murdoch’s Fox to Wider Probe Over Sky Takeover Bid
- U.K. to refer $15.5 billion Sky bid to competition regulator
- CMA review pushes deal’s potential completion well into 2018
U.K.'s Bradley Refers Fox's Sky Bid for CMA Review
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Facing fresh scrutiny of 21st Century Fox Inc.’s bid for Sky Plc., James Murdoch defended his handling of scandal-hit Fox News, saying his organization isn’t perfect, but acted swiftly to tackle wrongdoing at the channel.
“At any large organization, there are always things that are going to go wrong,” the Fox chief executive officer and son of billionaire Rupert Murdoch told an audience of broadcast industry leaders Thursday. Fox’s response to harassment claims was to react “quickly and loudly so that everyone can understand certain things are intolerable,” he said.