The European Commission on Friday cleared the multi-billion dollar buy-out bid for European pay-TV giant Sky 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.
source: AFP
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The $385 million acquisition of TEN Sports is set to make Sony Pictures Networks a major cricket broadcaster in Asia as it seeks to expand its Twenty20-dominated portfolio.
Sony Corp-owned SPN holds broadcast rights for the annual cash-rich Indian Premier League Twenty20 cricket tournament while also having the rights for the domestic leagues in South Africa and the West Indies.Read more