Europe approves Comcast bid for Sky

Europe approves Comcast bid for Sky

Technology News

Europe approves Comcast bid for Sky

 

Europe approves Comcast bid for Sky

Europe approves The European Commission has approved Comcast's and says it sees no antitrust issues in Europe, Bloomberg reports.

The panel found the deal would lead only to a "limited" increase in Sky's existing share for TV content and wholesale channel supply.

Similarly, it didn't see issues with Comcast limiting Sky's rivals' access to content, or on Sky's incentive to buy non-Comcast content.

Disney, a rival in the pursuit of Sky, hasn't yet sought European approval for a bid.

 

Comcast is battling Rupert Murdoch’s Twenty-First Century Fox for Sky. The media mogul bid’s to buy all of Sky has been delayed by politicians and regulators worried about the power of the enlarged media group.

The European Commission, which is scheduled to decide on Comcast’s offer by June 15, did not respond to a request for email. It cleared without conditions Fox’s bid for Sky in April last year. Comcast declined to comment.

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