Murdoch's Fox wins EU approval to take over Sky

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Go back to Murdoch's Fox wins EU approval to take over Sky

UPDATE: European Commission Clears 21st Century Fox's (FOXA) Proposed Takeover of Sky

April 7, 2017 10:18 AM EDT

(Updated - April 7, 2017 10:22 AM EDT)

The European Commission has approved unconditionally under the EU Merger Regulation the proposed acquisition of Sky by Twenty-First Century Fox (Nasdaq: FOXA), a US-based diversified global media company. The Commission concluded the transaction would raise no competition concerns in Europe.

The proposed transaction 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,... More