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Culture Secretary delays referral to Competition Commission

Culture Secretary Jeremy Hunt announced today that he was giving News Corp more time to address conc

Culture Secretary Jeremy Hunt has delayed a decision to refer News Corporation's proposed takeover of BSkyB to the Competition Commission to enable him to consider "undertakings" which could clear the way for the deal to go ahead.

Hunt confirmed this morning that he intended to follow Ofcom's advice and refer News Corp's £8bn bid to buy the 61 per cent BSkyB it does not already own to the Competition Commission.

The Culture Secretary said the proposed merger "may operate against the public interest in media plurality"; however, he would first consider undertakings from News Corp that "could sufficiently alleviate the concerns" before confirming the reference to the Commission.

The broadcast regulator Ofcom would then be asked, Hunt said, whether measures suggested by News Corp were sufficient to address its concerns over media plurality.

Full story on the Press Gazette.