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EU approves Fox takeover of Sky under Merger Regulation

EU approves Fox takeover of Sky under Merger Regulation

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The EU Commission has given its unconditional approval under the EU Merger Regulation of the proposed acquisition of Sky by U.S. media giant Twenty-First Century Fox.

The Commission concluded that the transaction – which would combine Sky plc (Sky), the leading pay-TV operator in Austria, Germany, Ireland, Italy and the UK and Twenty-First Century Fox, Inc (Fox), one of the six major Hollywood film studios (20th Century Fox), as well as a TV channel operator (Fox, National Geographic) – would raise no competition concerns in Europe.

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