The European Commission approves News Corp. (NWS) to buy pay-TV broadcaster British Sky...

|About: News Corporation (NWS)|By:, SA News Editor

The European Commission approves News Corp. (NWS) to buy pay-TV broadcaster British Sky Broadcasting, with no requirements for News Corp. to sell assets as part of the approval. News Corp. is buying the 61% of BSkyB it doesn't already own for £7.8B ($12.19B) to consolidate the business it helped build.