Culture secretary set to announce approval for deal after receiving Ofcom's report
The culture secretary, Jeremy Hunt, is expected to give the final go-ahead to News Corporation's proposed takeover of BSkyB early next week, after receiving a report on the deal from media regulator Ofcom on Wednesday.
Hunt has been waiting to receive final reports on the regulatory issues relating to News Corp's bid to buy the 60.9% of BSkyB it does not already own from Ofcom and the Office of Fair Trading.
Hunt is expected to announce the deal will go through next week, although it is understood he is to put the decision out to a further seven-day consultation.
He has previously indicated he is minded to approve the merger on condition that News Corporation agrees to spin off Sky News and restrict its shareholding in the channel to 39.1%.
Although Ofcom has delivered its report to Hunt, the culture secretary is currently in Brazil with the deputy prime minister, Nick Clegg, as part of an official UK government visit.
More details soon...
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Source: http://www.guardian.co.uk/media/2011/jun/22/news-corp-bskyb-jeremy-hunt
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