EU extends deadline on News Sky bid
By Julian Clover
Published: December 3, 2010 10.06 Europe/London

Regulators at the European Union have given themselves an extra fortnight to decide on News Corpís £7.8 billion (Ä9.41 billion) bid for the 61% of the satcaster is does not already own.

The original December 8 deadline has now been extended to December 22.

It is understood a number of concessions have been offered to ease competition concerns, though no details have been given of the proposal.

In November, the business secretary Vince Cable ordered Ofcom to investigate the purchase on grounds of media plurality.