News Corp. Gets EU Antitrust OK For $12.6B BSkyB Buy

Law360, New York (December 21, 2010, 12:30 PM EST) -- Europe's antitrust watchdog signed off Tuesday on the proposed $12.6 billion merger of News Corp. and British Sky Broadcasting PLC, but warned that U.K. media regulators could still challenge the deal.

The European Commission ruled that the combination didn't pose a significant threat to competition in the European Union because the two companies operate mainly in different markets in the U.K. and Ireland.

News Corp. and BSkyB only compete to offer wholesale basic pay-television channels and to supply online and TV advertising. In the pay-TV arena,...
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