By Bryan Koenig (June 15, 2018, 5:10 PM EDT) -- European Union regulators signed off "unconditionally" Friday on Comcast's $31 billion bid to purchase Sky PLC, finding no threats to competition in the latest development as Comcast and 21st Century Fox each vie for the British telecom giant.
Sky, the leading pay-TV provider not just in the United Kingdom but also in Austria, Ireland, Germany and Italy, competes with Comcast Corp. "only to a limited extent," European Commission antitrust authorities announced, pointing specifically to the market for buying television content and "the wholesale supply of basic pay-TV channels."
"The commission found that the proposed transaction would lead to only a limited...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!