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Sky investors back reappointment of chairman James Murdoch

Sky investors back reappointment of chairman James Murdoch

He said the first series of Sky's home-grown drama Riviera achieved 20 million downloads, while Game of Thrones had become the most watched series ever on Sky.

The motion to reappoint Mr Murdoch, a former chief executive of Sky, was passed with 78% of votes.

In response, Martin Gilbert, Sky's deputy chairman, pointed out that Sky's board had formed an independent committee to evaluate the terms of 21st Century Fox's takeover, which he said had met 11 times since the takeover approach was tabled in December past year.

Sky shareholders on Thursday reelected all board members, including 21st Century Fox CEO James Murdoch, who serves as chairman of the European pay TV giant and again faced opposition from some shareholders going into the annual meeting.

Ahead of the meeting some shareholders had said they were planning to oppose Murdoch's re-election because they did not believe he could effectively represent independent investors as he is also chief executive of Twenty-First Century Fox.

The takeover, which is now being scrutinised by the Competition and Markets Authority on public interest grounds having been cleared by regulators in all the other countries in which Sky broadcasts, values the whole of the company at £18.5bn.

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Mr Darroch said: "We've had a strong start to our new financial year with good revenue growth and excellent profit growth as investments we've made come through".

Karen Bradley, the culture secretary, referred Fox's proposed takeover of Sky to the CMA last month for a full inquiry, after a three-month investigation by Ofcom.

Fox owns 39.1% of Sky is trying to purchase the entire company in a deal worth $18.5 billion.

When asked by the culture, media and sport select committee about how the decision was reached White said that a thorough review had been carried out adding "We did not find a particular concern that would have caused us to believe that Sky News in particular and Sky as a broadcaster, post-transaction, would not be a fit and proper broadcaster", adding that Sky "currently has a very strong record of compliance on broadcasting".

The CMA is required to report to the Secretary of State with its recommendations within six months of opening the investigation.

Ms White gave evidence to the committee on Tuesday when she told MPs the regulator found "extremely disturbing" behaviour at Fox News when looking at the bid.