RNS Number : 5528Q
Sky PLC
12 September 2017
 

Response to Secretary of State's Announcement on Proposed Acquisition

 

Sky plc ("Sky" or "We") notes today's announcement by the Secretary of State for Digital, Culture, Media and Sport ("Secretary of State") on the proposed acquisition of Sky by 21st Century Fox, Inc. 

 

We are disappointed by this further delay and that the Secretary of State is now minded to refer the proposed acquisition to the CMA in relation to broadcasting standards despite Ofcom, as the independent broadcast regulator, maintaining its advice that there are not sufficient concerns to justify such a reference. Nevertheless we will continue to engage with the process as the Secretary of State reaches her final decision.

 

 

Analysts/Investors

Robert Kingston                                                                                                            

07720 409565

0207 032 3726  

 

Media

Gavin Davis  

07910 104660

0333 100 2333                                                                                                                 


                                                                                                                                               

About Sky

Sky is Europe's leading entertainment company, serving 22.5 million customers across five countries - UK, Ireland, Germany, Austria and Italy. The company has annual revenues of £12.9 billion and is Europe's leading investor in television content with annual programming spend of over £6 billion.

From exclusive partnerships with HBO and Showtime, to Sky Original Productions, Sky offers the best and broadest range of content along with the best viewing experience to suit each and every customer. Whether that's through the multi-award winning next generation box, Sky Q, or Sky's contract-free online streaming service, NOW TV, customers have access to the latest movies, drama, sports and kids entertainment wherever and whenever they like. This is all supported by Sky's best in class customer service.

Sky's success is not just based on what the company does but how it does it. Named as one of the Top 10 Green Companies in the World by Newsweek, one of the world's most recognised rankings of business's environmental performance, Sky ensures its responsible business strategy is embedded right across the group.

Sky has over 31,000 employees and is listed as one of The Times Top 50 employers for women. Sky is listed on the London Stock Exchange (SKY).


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