NEWS

EU antitrust regulators to rule on Comcast, sky deal by June 15

Wednesday, May 09, 2018

EU antitrust regulators will rule on U.S. cable operator Comcast’s 22-billion-pound ($30 billion) bid for British pay-TV company Sky (SKYB.L) by June 15, the European Commission said on Tuesday.

The world’s biggest entertainment company is competing with Rupert Murdoch’s Twenty-First Century Fox (FOXA.O) to win over Sky. Fox has run into various stumbling blocks since agreeing to a Sky takeover in December 2016.

The EU competition enforcer can give the go-ahead to Comcast’s bid with or without concessions, or it can kick off a four-month long investigation if the company is not able to satisfy regulatory concerns.

 

Source: reuters.com

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