21st May 2018 13:47
LONDON (Alliance News) - The UK government said Monday it does not intend to refer GBP22 billion bid for Sky PLC by te US's Comcast Corp to competition authorities on public interest grounds.
Culture secretary Matt Hancock said he has "reviewed the relevant evidence available" adding he is "minded not to issue an [European Intervention Notice] on the basis that the proposed merger does not raise concerns in relation to public interest considerations which would meet the threshold for intervention".
He said he will now allow interested parties to submit written submissions until 5 pm London time on Thursday before making a final decision on whether to intervene.
source: Press Association
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