UK Culture Minister Lisa Nandy is considering intervening in Comcast-owned Sky’s planned purchase of ITV’s media and entertainment operations for GBP 1.6 billion. Bloomberg reports.
The reason is concern over freedom of expression and media plurality. No decision has been made and the companies have until October 20 to respond.
If there is an intervention, Ofcom and the Competition and Markets Authority CMA will review the deal.
ITV shares fell as much as 7.4 percent during Thursday.
