BRUSSELS (Reuters) – U.S. cable firm Comcast is about to realize unconditional EU antitrust approval for its bid to purchase European pay-TV firm Sky , two folks accustomed to the matter mentioned on Friday.
The world’s greatest leisure firm is battling Rupert Murdoch’s Twenty-First Century Fox for Sky. The media mogul bid’s to purchase all of Sky has been delayed by politicians and regulators frightened concerning the energy of the enlarged media group.
The European Fee, which is scheduled to determine on Comcast’s supply by June 15, didn’t reply to a request for remark by e mail. It cleared with out circumstances Fox’s bid for Sky in April final yr.
Comcast declined to remark.
Earlier this week, Britain gave the inexperienced gentle to Fox’s bid to accumulate all of Sky on situation it bought off its TV information enterprise. Fox now owns 39 p.c of Sky, which has operations in Germany, Austria, Italy and Britain.
Sky’s 23 million clients makes it a useful asset to any media group looking for to higher compete in opposition to on-line teams Netflix and Amazon.
Murdoch has already agreed to promote lots of his TV and movie property, together with Sky, to Walt Disney Co in a separate $52 billion deal.
Reporting by Foo Yun Chee; Extra reporting by Kate Holton in London; Enhancing by Louise Heavens and Edmund Blair