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News Corp tries to woo EU over Sky

first_img NEWS Corp has submitted a series of proposals to the EU in a bid to ease concerns over its proposed takeover of BSkyB.It is understood Rupert Murdoch’s firm is willing to be bound by strict competition rules to avoid gaining an unfair advantage over rivals.However, company sources downplayed speculation Murdoch could sell key assets such as Sky News or the Times in order to force through the deal.EU regulators have extended the deadline on the first phase of their investigation of the deal to 22 December to consider the proposals.It will then decide whether to launch a full investigation into the firm that would last around four months.British communications regulator Ofcom is also reviewing the case on media plurality issues.News Corp is desperate to clear the regulatory hurdles as soon as possible, with its potential acquisition appreciating in value.News Corp, which also owns British newspapers the Sun and sister paper the News of the World, wants to buy the 61 per cent of BSkyB it does not already own after floating the firm in 1994.It has already had a bid of 700p a share rejected by the Sky board. The two sides have now agreed to halt negotiations until a deal in principle has been approved.Sky’s independent directors have said they would be prepared to support a bid of above 800p a share from News Corp.James Murdoch, News Corp’s European boss, has warned the UK could lose out on investment if the deal is blocked. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof KCS-content whatsapp News Corp tries to woo EU over Sky Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldcenter_img Share Show Comments ▼ whatsapp Thursday 2 December 2010 8:12 pmlast_img read more