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Comcast to win unconditional EU okay for Sky bid: sources

Reuters  |  BRUSSELS 

By Foo Yun Chee

BRUSSELS (Reuters) - U.S. cable company is set to gain unconditional EU antitrust approval for its bid to buy European pay-TV company , two people familiar with the matter said on Friday.

The world's biggest entertainment company is battling Rupert Murdoch's Twenty-First Century Fox for The mogul bid's to buy all of has been delayed by politicians and regulators worried about the power of the group.

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

declined to comment.

Earlier this week, Britain gave the green light to Fox's bid to acquire all of Sky on condition it sold off its TV business. Fox now owns 39 percent of Sky, which has operations in Germany, Austria, and Britain.

Sky's 23 million customers makes it an invaluable asset to any group seeking to better compete against and

Murdoch has already agreed to sell many of his TV and film assets, including Sky, to in a separate $52 billion deal.

(Reporting by Foo Yun Chee; Additional reporting by in London; Editing by and Edmund Blair)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, June 08 2018. 23:19 IST