News Corporation Successful in Competition Law Clearance in its Proposed Bid for BSkyB
December 23, 2010
Cleary Gottlieb represented News Corporation in obtaining unconditional clearance from the European Commission for its proposed bid for any and all of the shares of BSkyB that it does not already own. BSkyB is a leading Pay TV operator in the United Kingdom and Ireland. News Corporation already owns a 39% non-controlling stake in BSkyB and following the transaction would be in a position to acquire sole control over BSkyB.