21st Century Fox Will Be Allowed To Complete $15B Sky Takeover If It Divests Sky News

Read on: Deadline

21st Century Fox will be allowed to takeover European pay-TV firm Sky as long as it divests Sky News to Disney or another company, British politicians have ruled. The announcement, from British Culture Secretary Matt Hancock, is good news for Rupert Murdoch's Hollywood studio and will now see it go head-to-head with rival Comcast for the prized pay-TV asset. Hancock told the House of Commons, "I agree with the CMA that divesting Sky News to Disney, as proposed by Fox, or…