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		</div><p>Rupert Murdoch&#8217;s 21st Century Fox has said it welcomes the prospect of a &#8220;thorough and thoughtful&#8221; regulatory review of its planned £11.7 billion takeover of broadcaster Sky.</p>
<p>Culture Secretary Karen Bradley has said she was &#8220;minded&#8221; to order an Ofcom investigation into the deal amid concerns about media plurality and broadcasting standards.<br />
In its response, 21st Century Fox said it did not believe the deal would result in &#8220;insufficient plurality&#8221; in the UK media.</p>
<p>&#8220;21CF welcomes a thorough and thoughtful regulatory review. We believe this transaction is in the interest of the UK, its creative economy and its consumers,&#8221; it said.</p>
<p>&#8220;For the past 30 years, 21CF and Sky have been broadcasters of good standing in the UK, a responsibility we take seriously.</p>
<p>&#8220;The UK has a thriving creative and media sector that is becoming increasingly more plural and we are confident that this transaction would not result in there being insufficient plurality in the UK.<br />
&#8220;We will continue to work with all relevant regulatory authorities in assisting their reviews.&#8221;</p>
<p>After the broadcasters formally notified the European Commission of the planned merger last week, Ms Bradley wrote to both companies inviting them to make representations ahead of an announcement of a final decision on intervention in the week commencing March 13.</p>
<p>A decision to intervene would not block the deal, which envisages Fox paying £10.75 per share for the 61% of Sky it does not already own &#8211; valuing the Game Of Thrones broadcaster at £18.5 billion.</p>
<p>Instead, it would trigger an Ofcom assessment of public interest considerations as well as a Competition and Markets Authority report on jurisdiction, to be considered by Ms Bradley acting in a quasi-judicial role.</p>
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