James Murdoch Upbeat on Fox-Sky Merger Despite New Probe: ‘We Have a Clock on This Now’

James Murdoch said Thursday he was confident 21st Century Fox’s bid to take over Sky would survive a more extensive regulatory review requested by the British government, adding that he was happy “we have a clock on this now.”

“Obviously we were disappointed” by the government’s decision to call in the U.K.’s Competition and Markets Authority to examine the $15 billion takeover bid, Murdoch said. “But we’re also looking forward to engaging with the Cma….We’re confident that it goes through.”

Murdoch’s comments at the Royal Television Society conference in Cambridge, England, came just hours after British Culture Secretary Karen Bradley confirmed she would ask the Cma to investigate whether Fox and the Murdoch family would exercise too much power in British media following a merger with Sky and whether they would adhere to local broadcasting standards. The competition authority’s review is expected to take six months. Fox
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