This written statement is to update the House on the process and timings regarding the proposed merger between 21st Century Fox (21CF) and Sky Plc (Sky).
On 5 June, the previous Secretary of State made a statement to the House in which he set out his decision in relation to the proposed merger. He announced that having considered the Competition and Markets Authority’s (CMA) report, he agreed with its findings on the public interest grounds and its finding that undertakings to divest Sky News to the Walt Disney Company (Disney) or to an alternative suitable buyer could potentially remedy the public interest concerns identified. Following the completion of discussions with the parties, on 19 June he published a consultation on the undertakings offered by 21CF along with new undertakings offered by Disney for the divestment of Sky News to Disney and the relevant subsidiary agreements. We received five responses to the consultation, which closed on 4 July.
Having taken over as the Secretary of State with responsibility for media public interest cases, I intend to keep to the timetable of informing the House this week of the final decisions and publishing all the relevant documents. I will do this by Thursday 12 July.