EU clears Fox Sky buy-out unconditionally: statement

 

The European Commission on Friday cleared the multi-billion dollar buy-out bid for European pay-TV giant Sky (Frankfurt: 893517 - news) by 21st Century Fox without conditions as the tie-up does not undercut competition.

"Based on the results of its market investigation, the Commission concluded that the proposed transaction would raise no competition concerns," it said in a statement.

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