John Whittingdale Conservative, Maldon
Does my right hon. Friend accept that in the event of a bid there is a strong case for asking the regulators to provide advice about any concerns on competition or plurality grounds? Does he agree that this bid would essentially be an investment decision rather than an acquisition, as 21st Century Fox already has effective control of Sky? Does he also agree that since the last bid, which was approved by Ofcom subject to certain remedies, there has been a considerable increase in competition in the pay TV market?
Matthew Hancock Minister of State (Department for Culture, Media and Sport) (Digital Policy)
The decision has to be taken in the context of the world as we find it. The situation, as we find it, in terms of ownership is that 21st Century Fox owns 39% of Sky, and the notification to the stock exchange on Friday was about the proposal to buy the other 61%. Those issues will be taken into account when the decision is made.