EU Extends Deadline For News Corp.-BSkyB Merger

Law360, New York (December 2, 2010, 4:20 PM EST) -- Europe's antitrust watchdog has pushed back its deadline for approval of the proposed $12.6 billion merger of News Corp. and British Sky Broadcasting PLC while it considers whether to give the deal its blessing.

The European Commission will now have to decide whether to approve the takeover or open an in-depth investigation by Dec. 22, instead of the previously set date of Dec. 8, the agency said Thursday.

The commission said earlier in November that it had received a formal notification from News Corp., America's second-largest...
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