News Corp. Welcomes European clearance for lots of BSkyB
Due to the magnitude of the agreement of BSkyB, the European Commission was obliged to launch a probe for reasons of competition photo: Reuters
Review of the agreement for reasons of competition Brussels widely expected to obtain the regulatory procedures.
However, it is the plurality of the media investigation by regulator Ofcom communications raised most of questions, which should provoke a referral Commission of competition by Business Secretary Vince Cable. OFCOM is supposed to makes its decision no later than 31 December.
OFCOM has a duty to inform the Secretary of State on the question of whether the merger is in the public interest through the application of the public interest under the regime of control of amalgamation under the Corporations Act tests. The Secretary of State will decide and then return the merger to the Competition Commission.
Ivan Lewis, the shadow culture Secretary says. "Decision of the Commission underlines the importance of transparency and robustness of the process UK". OFCOM shall remain to examine the impact on the UK proposed, free of undue pressure policies or media purchase media pluralism. Their recommendations will have a profound impact on the future of the media in the digital age is changing rapidly. ?
Decision Mr. Cable to OFCOM for a test of opposition rival media groups followed media pluralism. In a letter from the combined media groups asked Mr. Cable block plans for fear that the agreement represents a threat to competition and media pluralism. Due to the magnitude of the agreement, the European Commission has been obliged to launch a probe for reasons of competition. If the Commission chooses a phase II further investigation, it could be 125 working days.
"I am confident that this merge not weaken competition at the United Kingdom." Effects on the plurality of the media are an issue for the British authorities, said JoaquĆn Almunia, European Commissioner in charge of the competition.
News Corporation stated that it "welcomes today's decision by the Commission European clearing its proposed acquisition of BSkyB shares it does not already have unconditionally."
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