EU Regulators Clear Comcast's $31B Bid For Sky

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...

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