British Regulators to Investigate 21st Century Fox’s Deal for Sky

Britain asked regulators on March 16 to investigate whether 21st Century Fox’s $14.3 billion deal to take full control of the British satellite television giant Sky would give the media mogul Rupert Murdoch too much control over the country’s media landscape. The takeover for the 61 percent of Sky that 21st Century Fox does not already own was agreed on in December and is the second such effort to combine the two companies since 2011. The latest attempt quickly raised a wave of criticism in Britain, where Murdoch already holds several media interests. Along with the investigation in Britain, the merger is expected to face a review by antitrust regulators in the European Union.