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Reuters Now

Murdoch buying Sky not in public interest - regulator

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Britain's competition regulator told Rupert Murdoch his $15 billion takeover of Sky was not in the public interest and would be blocked unless there was a way to prevent the tycoon from influencing the network's news output. The initial ruling complicates a plan by Walt Disney Co to buy the majority of Murdoch's assets, including Sky. Disney had hoped that Murdoch would have taken full control of the European broadcaster by the time the U.S. group completed its takeover.

Reuters Now

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