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EU regulators to clear News Corp. takeover of BSkyB

Written by James Delahunty (Google+) @ 17 Dec 2010 22:54 User comments (1)

EU regulators to clear News Corp. takeover of BSkyB Reports suggest that Rupert Murdoch's News Corp. may get the go ahead to acquire full control over BSkyB without the need for concessions.
News Corp. is seeking to buy a 61 percent share of BSkyB that it doesn't already own, giving it complete control over the company. The deal is estimated to be worth about 7.8 billion (over $12 billion). Next week, the European Comission will back the deal, sources familiar with the situation told Reuters.

The European Commission will report that the deal does not have any significant anticompetitive impact. The communication's regulator in Britain is also reviewing the deal to determine if it would give News Corp. too much control over UK media, where it already owns The Sun, News of the World, the Times and the Sunday Times newspapers.

The European Commission set a December 22 deadline for its decision in the case.

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1 user comment

118.12.2010 11:07

Jebus H, I hope not.

You only have to look at the ghastly dumbed down right-wing & laughably biased propaganda outlet that is Fox News to see how this man & his company exert a malign influence on everything he touches.

Fox makes Pravda look like amatuers.

'Study Confirms That Fox News Makes You Stupid'
http://www.alternet.org/story/149193/study_confirms_that_fox_news_makes_you_stupid

No thanks.
News International's hold over UK media is bad enough, we can well do without it being expanded.

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