The European Union will debate the $14.6 billion bid by 21st Century Fox (FOXA) - Get Report to acquire Sky plc. after a U.K. merger authority passed on the opportunity to review the deal, sources told Bloomberg.
The U.K. Competition and Markets Authority is not expected to ask the European Commission to turn over the deal's antitrust review before Friday's deadline. The EU has until April 7 to approve or reject the deal.
The British review was potentially the bigger hurdle the deal would have to overcome, Bloomberg noted.