BRUSSELS (Reuters) - EU antitrust regulators will rule on U.S. cable operator Comcast's 22-billion-pound ($30 billion) bid for British pay-TV company Sky by June 15, the European Commission said on Tuesday.
Comcast filed for EU approval for the deal on May 7, confirming a Reuters story.]
The world's biggest entertainment company is competing with Rupert Murdoch's Twenty-First Century Fox to win over Sky. Fox has run into various stumbling blocks since agreeing to a Sky takeover in December 2016.
The EU competition enforcer can give the go-ahead to Comcast's bid with or without concessions, or it can kick off a four-month long investigation if the company is not able to satisfy regulatory concerns.
($1 = 0.7408 pounds)
(Reporting by Foo Yun Chee; Editing by Jon Boyle)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)