By Sara Jerome - 07/14/10 02:31 PM EDT
European regulators approved Comcast’s deal with NBC Universal on Wednesday as the merger remains under scrutiny in the United States.
“After examining the operation, the [European Commission] concluded that the transaction would not significantly impede effective competition” in Europe, the commission said in a statement Wednesday.
The commission said that the two companies’ combined market share in European countries remains limited enough as to diminish concerns.
Still, the news may not spell an easy victory for the companies at home. The commission said that in Europe, the deal does not create a vertical relationship between Comcast’s cable distribution platform and NBC Universal’s programming, as it does in the United States.
The Justice Department and the Federal Communications Commission are reviewing the merger.