CCI okays Star TV’s ESPN equity in ESPN Star Sports

27 Sep,2012

By A Correspondent

 

The Competition Commission of India (CCI) has no objections to Star TV ATC Holiding Ltd acquiring international sports broadcaster ESPN’s equity in ESPN Star Sports. This will not lead to any monopoly as the CCI believes that the proposed switch from joint to sole control by an indirect wholly owned subsidiary of NewsCorp will not eliminate competitors.

 

Earlier this year, Star and ESPN had announced the decision on the stake buy. ESPN Star Sports will be a 100 percent Star TV-owned entity after the formalities have been completed.

The full order can be accessed at http://www.cci.gov.in/May2011/OrderOfCommission/CombinationOrders/C-2012-07-64.pdf

 

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