The UK Department of Trade and Industry has referred Rupert Murdoch’s Sky purchase of nearly 18% share holding in major UK broadcaster ITV.
In the words of Alistair Darling, the Secretary of State for Trade and Industry, “My decision reflects consideration of the reports I have received from both the Office of Fair Trading and Ofcom and of other representations I have received about this matter.”
This action won’t be unexpected at Sky, Ofcom and the Office of Fair Trading recommended this back on 27 April this year.
Sky has released the following statement