21st Century Fox Given Clearance To Buy Sky By British Government

Read on: Deadline

The British government has cleared the way for 21st Century Fox's possible takeover of European pay-TV operator Sky – hours after rival Comcast topped its bid. The recently installed Culture Secretary Jeremy Wright, who took over from Matt Hancock earlier this week, has reviewed the process and has found that it is "scrupulously clear, fair and transparent", paving the way for Rupert Murdoch's Hollywood studio to follow through with a deal. He said, "Having taken over as…