×
You will be redirected back to your article in seconds

European Commission Approves Comcast’s Bid for Sky

The European Commission has unconditionally approved Comcast’s bid for Sky. It has already approved the rival bid for the European pay-TV giant from 21st Century Fox. The Commission said Friday that the “transaction would raise no competition concerns in Europe.”

In a statement, the Commission said it “found that the proposed transaction would lead to only a limited increase in Sky’s existing share of the markets for the acquisition of TV content, as well as in the market for the wholesale supply of TV channels in the relevant Member States.”

It added that it had examined whether a Comcast-owned Sky would throttle access to the Sky platform by channel operators and content owners and concluded that would not be the case. Comcast is the parent company of NBCUniversal, which runs channels and is a major supplier of film and TV content. The Commission said the deal would not make Sky less likely to buy programming from Comcast and NBCU competitors as that would reduce the quality of its offering.

“Based on the results of its market investigation, the Commission concluded that the proposed transaction would raise no competition concerns.” The Commission said.

Sky welcomed the news. The committee formed to evaluate the competing bids for Sky noted Comcast has satisfied the pre-conditions of its takeover offer. The committee has withdrawn its backing for the Fox bid, and has yet to make a recommendation to shareholders since Comcast weighed in.

Fox’s Sky bid eased past European regulators before getting bogged down in the U.K. amid stiff opposition. It already owns 39% of Sky, Europe’s largest pay-TV company. In the U.K, regulators have cleared Comcast’s bid, and said Fox’s can proceed as long as it offloads Sky News.

The battle for control of Sky is playing out as Disney and Comcast go head to head for a raft of Fox assets including its stake in the European pay-TV firm.

More TV

  • Win Rosenfeld, Jordan Peele and Simon

    'Star Trek: Discovery,' 'Twilight Zone' Bring Energy, Emotion to PaleyFest

    Both the CBS All Access shows “Star Trek: Discovery” and the upcoming “Twilight Zone” reboot held PaleyFest panels on Sunday, with both sets of cast and creators bringing energy, humor, and emotion to the stage. Both panels were moderated by Variety‘s executive editor of TV, Daniel Holloway. First up was “Discovery,” where series star Doug [...]

  • Marvel's Runaways Review

    'Marvel's Runaways' Renewed for Third Season at Hulu

    Hulu has renewed “Marvel’s Runaways” for a third season. Set in the Marvel Cinematic Universe, “Runaways” stars Rhenzy Feliz, Lyrica Okano, Virginia Gardner, Ariela Barer, Gregg Sulkin, and Allegra Acosta as the Runaways, six teenagers from different backgrounds who unite against their parents, the Pride, portrayed by Angel Parker, Ryan Sands, Annie Wersching, Kip Pardue, Ever Carradine, James Marsters, Brigid Brannagh, Kevin Weisman, Brittany Ishibashi, and James Yaegashi. The new order is [...]

  • Robert Mueller Report

    TV News Scrambles Schedules in Wake of Mueller Report

    The “Mueller Report” has prompted a bevy of new reports from the nation’s big TV-news outlets. CBS News plotted a Monday primetime special to cover the disclosure of a summary of the report prepared by Special Counsel Robert Mueller that had examined Russian influence on the 2016 U.S. presidential election and probed whether President Donald [...]

  • Noah CentineoNickelodeon Kids' Choice Awards, Show,

    Kids’ Choice Awards 2019: JoJo Siwa, Noah Centineo Take on Bullying

    This year’s Nickelodeon Kids’ Choice Awards was full of positivity and encouragement to be yourself. DJ Khaled, known for his upbeat mantras, hosted the 32nd annual awards ceremony alongside JoJo Siwa at USC’s Galen center. Siwa accepted the award for favorite social music star. Siwa said in her acceptance speech, “I get hated on every [...]

  • Bette Midler, Judith Light Join Netflix's

    Bette Midler and Judith Light Join Ryan Murphy's 'The Politician' on Netflix

    Bette Midler and Judith Light will guest star on “The Politician,” the first series Ryan Murphy will launch on Netflix after he inked a deal with the streamer last year. Murphy made the announcement at the end of Saturday’s PaleyFest panel for his FX series “Pose,” and noted that Midler and Light will both appear [...]

  • Mj Rodriguez, Billy Porter, Indya MooreFX's

    Patti LuPone Joins FX's 'Pose' as Season 2 Jumps to 1990

    “Pose” co-creator Ryan Murphy revealed that Broadway legend Patti LuPone will guest star on the upcoming second season of the FX drama, and that the series will jump ahead to 1990. Murphy made the announcement while moderating the “Pose” panel at PaleyFest on Saturday, telling lead actress MJ Rodriguez that she will share many scenes [...]

More From Our Brands

Access exclusive content