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News Corp’s reaction to Ofcom referral

News Corporation has released the following statement following Business Secretary Vince Cable’s decision to refer News Corp’s planned £12bn bid for full ownership of BSkyB to Ofcom.

News Corporation notes the decision by the Secretary of State for Business, Innovation and Skills to issue an intervention notice on media plurality grounds in regard to its proposed offer to acquire the outstanding shares in British Sky Broadcasting.

News Corporation is confident that the proposed investment will not adversely affect media plurality in the United Kingdom and looks forward to discussing any substantive issues with the relevant authorities.”