BSkyB bid for Man United goes to MMC

- BSkyB's controversial bid for Manchester United has been referred to the Monopolies and Mergers Commission by the Office of Fair Trading.

- BSkyB's controversial bid for Manchester United has been referred to the Monopolies and Mergers Commission by the Office of Fair Trading.

The move, which was made because of "concerns for the wider public interest", follows strong protests from politicians and fans alike. The OFT is likely to lay down guidelines for such acquisitions, as several other media companies look to acquire FA Premiership clubs.

The inquiry will mean BSkyB's bid for Manchester United will lapse and can only be resubmitted after the MMC publishes its report early next spring.

BSkyB, which is 40 per cent owned by Rupert Murdoch's News Corporation, owns 11.2 per cent of the club's shares and has an option on the 14.1 per cent of shares held by club chairman Martin Edwards.

Both BSkyB and Manchester United said they were confident the deal will go through as planned.





Topics

Become a member of Campaign from just £46 a quarter

Get the very latest news and insight from Campaign with unrestricted access to campaignlive.co.uk plus get exclusive discounts to Campaign events

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now

Partner content

Share

1 Job description: Digital marketing executive

Digital marketing executives oversee the online marketing strategy for their organisation. They plan and execute digital (including email) marketing campaigns and design, maintain and supply content for the organisation's website(s).