You are here: Home » International » News » Companies
Business Standard

Murdoch's Fox gets EU approval to take over Sky in $14.5-bn deal

British investigation into the impact on the country's media landscape as the only remaining hurdle

Reuters  |  Brussels/London 

The European Commission cleared Rupert Murdoch to take over pay-TV group Sky on Friday, leaving a British investigation into the impact on the country's media landscape as the only remaining hurdle for the $14.5 billion deal. The Commission said the bid did not raise any competition concerns as Murdoch's 21st Century Fox and Sky were active in different markets in Europe, while existing rules in European Union countries meant that rivals would still have access to Sky films and TV channels. Fox and Sky welcomed the decision, which had been expected, and said they would ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, April 07 2017. 22:30 IST
RECOMMENDED FOR YOU