Will News Corp’s best and final offer be enough?
25 January 2011
Jeremy Hunt announced on 25 January his intention to refer News Corp’s bid for BSkyB to the Competition Commission
However, he is first providing News Corp with the opportunity to address Ofcom’s concerns, and in so doing protecting his department and Ofcom from any legal threats
If Ofcom or the OFT say the News Corp remedies don’t go far enough, Jeremy Hunt will be then almost obliged to refer the transaction to the CC