EU clears Comcast bid for Sky in takeover tussle with Murdoch

phys.org | 6/15/2018 | Staff
Click For Photo: https://3c1703fe8d.site.internapcdn.net/newman/gfx/news/2018/letthefighti.jpg

The EU on Friday cleared US cable giant Comcast's bid for pan-European TV group Sky, paving the way for an epic multi-billion-dollar takeover tussle with Rupert Murdoch's 21st Century Fox.

Brussels said it had "no competition concerns" over Comcast's £22-billion ($29.4-billion, 25.1-billion-euro) bid for all of Sky, which is best known for its live coverage of English Premier League football.

Commission - EU - Merger - Regulation - Acquisition

"The European Commission has approved unconditionally under the EU Merger Regulation the proposed acquisition of Sky by Comcast, a US based global media, technology and entertainment company," the EU's executive arm said in a statement.

"The Commission concluded the transaction would raise no competition concerns in Europe."

Comcast - Hollywood - Film - Studio - Universal

Comcast owns Hollywood film studio Universal Pictures and operates several TV channels including CNBC.

The...
(Excerpt) Read more at: phys.org
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!