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World Economic Forum/Flickr

The European Commission has greenlighted 21st Century Fox's acquisition of Sky TV, a huge win for owner Rupert Murdoch, who's battling a major national controversy regarding Fox News anchor Bill O'Reilly.

In a statement, the EU said the transaction "would raise no competition concerns in Europe," which is something regulators were weighing heavily given the fact that Murdoch already owns 39% of Sky TV and two of the UK's biggest newspapers, The Times and The Sun.

The O'Reilly factor: Regulators have approved the acquisition despite the ongoing Bill O'Reilly scandal stateside, which suggests there could be less pressure on Murodoch to take action against O'Reilly now that he's cleared his biggest business hurdle.

Why it matters: While regulators were mostly weighing the monopoly factor in the acquisition, they also considered Murdoch's ownership style while determining whether he and his son James Murdoch (chief executive of Fox and Chairman of Sky) could handle another major acquisition responsibly.

Go deeper

Updated 5 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — U.S. tops 88,000 COVID-19 cases, setting new single-day record.
  2. Politics: States beg for Warp Speed billions.
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases.
  4. 🎧Podcast: The vaccine race turns toward nationalism.

Technical glitch in Facebook's ad tools creates political firestorm

Facebook CEO Mark Zuckerberg. Photo: SOPA Images / Contributor

Facebook said late Thursday that a mix of "technical problems" and confusion among advertisers around its new political ad ban rules caused issues affecting ad campaigns of both parties.

Why it matters: A report out Thursday morning suggested the ad tools were causing campaign ads, even those that adhered to Facebook's new rules, to be paused. Very quickly, political campaigners began asserting the tech giant was enforcing policies in a way that was biased against their campaigns.

6 hours ago - Health

States beg for Warp Speed billions

A COVID-19 drive-thru testing center yesterday at Hard Rock Stadium in Miami Gardens. Photo: David Santiago/Miami Herald via AP

Operation Warp Speed has an Achilles' heel: States need billions to distribute vaccines — and many say they don't have the cash.

Why it matters: The first emergency use authorization could come as soon as next month, but vaccines require funding for workers, shipping and handling, and for reserving spaces for vaccination sites.