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EU extends review of News Corp bid for Premiere

BRUSSELS
Thu Jun 5, 2008 5:48am EDT
News Corp Chairman and CEO Rupert Murdoch speaks during a news conference before the 2008 Atlantic Council Awards Dinner in Washington April 21, 2008. REUTERS/Kevin Lamarque

BRUSSELS (Reuters) - The European Commission on Thursday extended until June 25 its review of News Corp's bid to acquire control of German pay-TV broadcaster Premiere, to consider proposed remedies to competition concerns.

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The previous deadline was June 11.

News Corp already has 22.7 percent of Premiere.

Premiere said in April it wanted to double the size of its supervisory board to make room for two executives from Rupert Murdoch's media empire and one other member.

Murdoch is not expected to make a full takeover bid for the company, whose top attraction is live German Bundesliga soccer.

However, the European Commission has said that in its view the deal qualified for review under the EU's merger regulation, which involves "control" of a company.

New York-based News Corp owns the 20th Century Fox studios, the MySpace online social network and Britain's the Times newspaper, as well as being the biggest shareholder in British pay-TV group BSkyB.
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