EU Probes News Corp.'s $12.6B BSkyB Bid

Law360, New York (November 3, 2010, 1:06 PM EDT) -- The European Union's antitrust watchdog has launched a review of U.S. media giant News Corp.'s proposed takeover of British Sky Broadcasting PLC to determine how the $12.6 billion deal would affect competition in the bloc's 27 member nations.

The European Commission confirmed Wednesday that it had received a formal notification from News Corp., America's second-largest media outlet, asking the agency to approve its proposed union.

The commission will examine the deal, setting a Dec. 8 deadline to decide whether to approve the takeover or open an...
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