Comcast bid to get EU approval| MENAFN.COM

Wednesday, 06 July 2022 10:43 GMT

Comcast bid to get EU approval


(MENAFN) Comcast is set to gain unconditional EU antitrust approval for its bid to buy European pay-TV company Sky.

The US cable company is battling Rupert Murdoch's Twenty-First Century Fox for Sky, as its bid to buy all of Sky has been delayed by politicians and regulators worried about the power of the enlarged media group.

The European Commission, which is scheduled to decide on Comcast's offer by June 15, did not respond to a request for comment by email on Friday.

Earlier this week, Britain gave approval to Fox's bid to acquire all of Sky on condition it sold off its TV news business, as Fox now owns 39 per cent of Sky, which has operations in Germany, Austria, Italy and Britain.

MENAFN1006201800450000ID1096988027


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.