Comcast’s Sky Takeover Bid Approved in Europe

Comcast’s bid to acquire Sky has been approved unconditionally by the European Commission, which found that Sky would only be able to capitalise within acceptable limits from the merger, raising no competition concerns in Europe.

The battle to take over Sky has been fierce, with Comcast having to fight off competition from Disney and 21st Century Fox, which currently owns a 39% share of Sky.