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EU: Regulators set to approve Comcast’s bid for Sky

By  |  June 10, 2018

EU antitrust regulators are set to approve US cable company Comcast’s bid for European pay-TV company Sky without demanding concessions, reported Reuters.

Comcast is battling Rupert Murdoch’s Twenty-First Century Fox for Sky. The media mogul’s bid to buy all of Sky has been delayed by politicians and regulators worried about the power of the enlarged media group.

Earlier this week, Britain gave the green light to Fox’s bid to acquire all of Sky on condition it sold off its TV news business. Fox now owns 39% of Sky, which has operations in Germany, Austria, Italy and Britain.

Sky’s 23 million customers makes it an invaluable asset to any media group seeking to better compete against online groups Netflix and Amazon.

Full Content: Reuters

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