UK Government Refers Sky-ITV Deal to Competition Regulators
The UK government directed competition regulators to review Sky's planned $2.15 billion purchase of ITV's media and entertainment business, in a preliminary step that could lead to an in-depth probe.
By Edith HancockThe U.K. government has intervened in Comcast-owned Sky's plan to buy ITV's media and entertainment business, directing the country's competition regulators to review the deal in a preliminary step that could trigger an in-depth probe.Sky agreed in July to buy the ITV unit in a 1.6…