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Update expected on Fox-Sky merger

Jul. 20, 2017 5:03 AM ETFox Corporation (FOX) StockSKYAY, FOXA, FOXBy: Yoel Minkoff, SA News Editor
  • Twenty First Century Fox (FOX, FOXA) has written to the U.K. government over its plans to buy Sky (OTCPK:SKYAY), promising to work with regulatory bodies if the deal is referred on plurality concerns.
  • The letter, signed by Lachlan and James Murdoch, said the U.K.'s creative industry will be strengthened by the deal.
  • The British government will update parliament on the next steps in Fox's bid today.

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