UK Watchdog To Probe BSkyB's Cloud Networks Buy

Law360, New York (January 31, 2011, 5:36 PM EST) -- The U.K.'s competition regulator said Monday it would examine British Sky Broadcasting Ltd.'s planned purchase of European Wi-Fi network operator The Cloud Networks Ltd. to make sure the deal won't hurt competition.

The Office of Fair Trading asked for public input on the tie-up, requesting that comments be submitted by Feb. 14.

BSkyB called the OFT's notice "standard practice" and a spokesman noted the agency's call for input would not impact the completion of the deal.

The BSkyB's purchase of Cloud Networks was announced Jan. 11, at...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.