
Read this: News Corp's BSkyB bid referred by Hunt to Competition Commission - Media - guardian.co.uk

Summary: That will take 24 weeks, although the Competition Commission has the option of a further eight weeks to evaluate the deal. News Corporation said it would work with the Competition Commission if necessary. By opting to have the bid examined by the Competition Commission, News Corp loses control of determining its potential concessions previously the company had, in effect, offered to spin off Sky News on a take-it-or-leave-it basis. - guardian.co.uk
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