European Regulators Conditionally Clear Vivendi, Canal Plus, Seagram Merger - TheStreet

The

European Commission

conditionally approved the merger of

Vivendi

(V) - Get Report

,

Canal Plus

and

Seagram

(VO) - Get Report

.

As part of the agreement, Vivendi agreed to sell a stake in British pay-TV company

British Sky Broadcasting

(BSY)

over the next two years.

Vivendi also agreed to guarantee access to film content from Seagram's

Universal

unit to other pay-TV providers, the Commission said in a statement. The European Commission said that Vivendi has also agreed to give rival Internet portals access to Universal's on-line music content.