Pensions

Murdoch’s Sky deal faces hurdles but share price on the rise

A controversial attempt by the Murdoch family to consolidate Sky fully within its media empire could face more hurdles.

Culture Secretary Karen Bradley announced today that she is “minded” to refer the £11.7bn deal to competition regulators for a fully-fledged enquiry over concerns that it threatens media plurality.

Sky shareholder the Local Authority Pension Fund said: “Any recommendation… would have to be based on an appropriate premium as well as safeguards for future probity given the past track records of the businesses controlled by the Murdochs”.

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