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Comcast's Sky bid may not go through same scrutiny in UK as Fox bid

Comcast Corp.'s offer to buy Sky PLC may not face the same regulatory scrutiny in the U.K. as 21st Century Fox Inc.'s own proposed takeover of the entity, Matt Hancock, Britain's government secretary for media, said in a statement.

In February, Comcast made a takeover bid of £12.50 per share for Sky, valuing the British pay TV giant at about £22 billion, directly challenging the offer of £10.75 per Sky share by Fox.

Hancock said Comcast's offer does not "raise concerns in relation to public-interest considerations which would meet the threshold for intervention," Variety reported May 21.

Hancock said he plans to reach a "final decision on whether to intervene in the merger shortly."