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EU: Commission sets deadline for BSkyB buys

By  |  August 7, 2014

The European Commission has set a deadline to rule on proposed acquisitions of assets in Germany and Italy by broadcasting giant BSkyB, reports say.

The Commission announced Thursday it would rule on the deals by September 11. BSkyB is planning on acquiring pay-TV units in the EU nations in a $9 billion takeover.

According to reports, the deals are aimed to boost the broadband media’s existing assets to more intensely compete with Internet rivals. The combined BSkyB company will hold operations in Britain, Ireland, Germany, Austia and Italy, say reports, and will merge Sky Italia and Sky Deutschland with Ruper Murdoch’s BSkyB.

Full content: Reuters

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