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EC approves News Corp's planned BSkyB takeover

The European Commission has today unconditionally approved News Corporation's proposal to assume ful

The EC ruled that the takeover would not be anti-competitive after assessing the bid solely on competitive grounds, concluding that it would "not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it".

Joaquin Almunia, commission vice-president and commissioner for competition, said: "I am confident that this merger will not weaken competition in the UK. The effects on media plurality are a matter for the UK authorities."

Broadcast regulator Ofcom is due to report to business secretary Vince Cable by the end of the year with recommendations from a separate investigation into the possible media plurality issues arising from the planned takeover.

Full story at Press Gazette