The U.K. Office of Communications (Ofcom) will probe British Sky ...
The U.K. Office of Communications (Ofcom) will probe British Sky Bcstg. Group’s (Sky’s) acquisition of 17.9% of ITV, the Dept. for Trade & Industry (DTI) said Mon. The regulator has until April 27 to report on its initial probe…
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of public interest issues raised by the transaction. In Jan., the Office of Fair Trading (OFT) said a preliminary review of the situation raised possible merger issues. Its report to the govt. is also due in April. The govt. decision for an initial investigation was made “without prejudice” to any subsequent substantive decisions, Sky said.