BRUSSELS (Reuters) - EU antitrust regulators will rule on U.S. cable operator Comcast’s (CMCSA.O) 22-billion-pound bid for British pay-TV company Sky (SKYB.L) by June 15, the European Commission said on Tuesday.
Comcast filed for EU approval for the deal on May 7, confirming a Reuters story.]
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.
Reporting by Foo Yun Chee; Editing by Jon Boyle