Jake Kanter International TV EditorBanijay Group’s $2.2BN takeover of Endemol Shine Group has been cleared by European regulators.The European Commission announced it had approved the merger in a brief notice on Wednesday. “The Commission concluded that the proposed acquisition would not raise competition concerns given the presence of a sufficient number of alternative players with portfolios of similar content in the countries concerned,” it said, per a translation.Deadline first revealed that the European Commission would make a deliberation on the deal by the end of June.
Securing clearance in Europe was the biggest antitrust hurdle Banijay needed to overcome to complete the Endemol Shine acquisition from Disney and Apollo Global.
Read more on deadline.com