By John McCarthy

21st Century Fox has received the greenlight to acquire Sky after the EU Commission found that the acquisition raises no competition issues.

The commission reviewed whether the acquisition would reduce competition in member states – an issue which is thought to harm the consumer. The deal is thought to be worth around £18bn.

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

“Fox and Sky are mainly active in different markets in Austria, Germany, Ireland, Italy and the UK. They compete with each other only Read full story ›

Source: The Drum