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EC clears BSkyB acquisition of Sky Deutschland, Sky Italia

Friday 12 September 2014 | 08:57 CET | News
The European Commission has approved BSkyB's takeover of Sky Deutschland and Sky Italia from 21st Century Fox for a total of GBP 4.9 billion in cash. "The Commission found that the transaction would not lead to any material overlaps in the parties' activities, as they are mainly active in different national markets," the EU's antitrust authority said in a statement. The newly merged company will have operations in the UK, Ireland, Germany, Austria and Italy. In July BSkyB announced it would pay GBP 2.45 billion for Sky Italia and GBP 2.9 billion for Fox's majority stake in Sky Deutschland.

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Categories: Broadcast & Satellite
Companies: BSkyB / European Commission / Sky Deutschland / Sky Italia
Countries: Europe
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