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BSkyBÂs Living TV deal approved
The UK Office of Fair Trading has given its final approval to BSkyBÂs acquisition of the Living TV group from cable operator Virgin Media. News Corp-backed pay-TV operator BSkyB made the move for Living in early June and the deal was then referred to the OFT.
Sky paid an initial £105m (Â125m) for the channels group, which comprises LIVING, LIVINGit, Challenge, Challenge Jackpot, Bravo, Bravo 2 and Virgin1, which has since been rebranded Channel One. Having received the final necessary approval Sky will now pay an additional £55m to Virgin Media.