UK REGULATOR SAYS FOX TAKEOVER OF SKY NOT IN PUBLIC INTEREST

British regulators said this week that 21st Century Fox’s takeover of London-based pay TV company Sky is not in the public interest because it would give Rupert Murdoch too much control over the country’s news media. But they offered remedies that may pave the way for the deal go ahead.

The regulator’s preliminary finding is the latest hurdle for Fox’s effort to buy the 61 percent of Sky PLC it doesn’t already own for 11.7 billion pounds ($16.3 billion). A previous takeover attempt