Britain is to give News Corp (NWSA.O) a final chance to avoid a prolonged and costly investigation into its proposed $12 billion buyout of BSkyB (BSY.L), in a move that is likely to draw criticism from rivals. Britain's media regulator, Ofcom, has already examined the deal over fears it would give Rupert Murdoch's News Corp too much influence over the media and public opinion. The government said on Tuesday that Ofcom recommended referring the deal to the Competition Commission but Culture Secretary Jeremy Hunt would first consider proposals put forward by News Corp to alleviate competition concerns.
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