UK regulator puts hurdle in path of Murdoch's $15.7 billion Sky deal

LONDON (Reuters) – Rupert Murdoch’s $15.7 billion takeover of European broadcaster Sky should be blocked unless a way is found to prevent the media tycoon from influencing the network’s news output, Britain’s competition regulator said.

The initial ruling complicates a separate plan by Walt Disney Co to buy the majority of Murdoch’s assets, including Sky. Disney had hoped Murdoch would own 100 percent of the company by the time it completed its takeover.

Shares in Sky rose on Tuesday as investors said concerns about Murdoch’s influence could still be overcome, for example by spinning off Sky News,

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