Fox's Sky Takeover Gets Regulatory Clearance in Ireland

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Lachlan, Rupert and James Murdoch

That leaves the U.K. as the final market where a regulatory review is still ongoing.

On Tuesday, 21st Century Fox said that it has received regulatory approval in Ireland for its planned deal to take full ownership of European pay TV giant Sky.

Fox, led by CEO James Murdoch and executive chairmen Rupert and Lachlan Murdoch, said it "welcomes the decision by the Republic of Ireland’s Minister for Communications, Climate Action and Environment to clear the company’s acquisition of the outstanding shares of Sky that the company does not already own, ruling that the proposed transaction will not result in insufficient plurality for any audience in the Republic of Ireland."  

The decision follows rulings clearing the $14.5 billion deal in Germany, Austria and Italy where Sky also operates. The European Commission has also cleared the deal. That leaves the U.K. as the final market where a regulatory review is still ongoing. 

The U.K. Culture Secretary Karen Bradley last week received reports from media regulator Ofcom and competition authority CMA and said she would make her initial "minded to" decision, publish the regulators' reports and make an oral statement in parliament by this Thursday.

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