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@hugo7
You sure?
Happy to be corrected, but my understanding was that the only legal grounds on which the takeover could be challenged was if the new entity that emerged had control over too large a portion of the media to maintain an impartial press.
The initial consultation seemed to indicate that it would not. Now NOTW is disappearing, they will have even less dominance, and so, in theory at least, it should improve the case for a takeover.
At the end of the day the government is bound by the law, and from what I understand, as yet there isn't a way for the government to get out of it.
But as I said I'm happy to be corrected if I've got any of this wrong.