Sky PLC (LON:SKY) welcomes today’s written ministerial statement by the Secretary of State for Department for Digital, Culture, Media and Sport regarding 21CF’s offer for Sky.
Following a period of public consultation required under Schedule 10 of the Enterprise Act 2002, the Secretary of State has published final versions of the undertakings offered by 21CF and The Walt Disney Company, which have been accepted as addressing the concerns raised by the Competition and Markets Authority in respect of media plurality.
Sky welcomes the Secretary of State’s comments that this now marks the final stage of the public interest consideration of this case.
21CF’s offer for Sky has now cleared its outstanding regulatory pre-conditions. This follows the satisfaction by Comcast on 15 June 2018 of its outstanding regulatory pre-conditions, meaning both offers for Sky are now capable of being put formally to Sky Shareholders.
