Chris Hughes, Columnist

Murdoch Gets What He Wants Out of Brexit Britain

The battle to control Sky will now be about price alone.

June 5, 2018 at 2:51 PM UTC

Chris Hughes is a Bloomberg Opinion columnist covering deals. Previously, he worked for Reuters Breakingviews, the Financial Times and the Independent newspaper.

Rupert Murdoch.
Photographer: Drew Angerer

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The U.K. government has all but approved Rupert Murdoch's bid to take full control of Sky Plc. That's good news for the satellite broadcaster's shareholders. It's also a sign that even the most controversial foreign offers for British companies have a fighting chance of success.

U.K. Culture Secretary Matt Hancock said Tuesday he will clear the bid by Murdoch's 21st Century Fox Inc. if the company can find a long-term steward for Sky's news operation -- most likely Walt Disney Co., which has already offered to take the unit on.