Mega Merger: 21st Century Fox and Sky agree a deal

A mega-merger in the media, with 21st Century Fox making a bid for Sky - although I'm not sure whether it is horizontal integration or a conglomerate merger, given the extent of the interests of the two groups. You might also argue that if Fox produces the content and Sky broadcasts it, there are vertical elements to this too.

Any way you look at this, it's a sizeable merger with implications for media plurality in the UK, and Brexit may have played a factor - with the depreciation of sterling making the deal cheaper for 21st Century Fox.