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London - Britain’s Culture Secretary Jeremy Hunt referred News Corporation’s bid for BSkyB to the Competition Commission on Monday.
“As a result of News Corporation’s announcement this afternoon I am now going to refer this to the Competition Commission with immediate affect, I will be writing to them this afternoon,” he told parliament.
“Today’s announcement will be an outcome I am sure the whole house will welcome. It will mean that the Competition Commission will be able to give further, full and exhaustive consideration of this measure, taking into account all relevant recent developments.”
News Corp, under fire for a phone-hacking scandal at its News of the World paper that threatens its multi-billion-dollar takeover, said it was withdrawing undertakings it had made that would have allowed it to bypass a full Competition Commission inquiry.
“As a result of News Corporation’s announcement this afternoon I am now going to refer this to the Competition Commission with immediate affect, I will be writing to them this afternoon,” he told parliament.
“Today’s announcement will be an outcome I am sure the whole house will welcome. It will mean that the Competition Commission will be able to give further, full and exhaustive consideration of this measure, taking into account all relevant recent developments.”
News Corp, under fire for a phone-hacking scandal at its News of the World paper that threatens its multi-billion-dollar takeover, said it was withdrawing undertakings it had made that would have allowed it to bypass a full Competition Commission inquiry.
