European antitrust regulators on March 30 blessed the proposed acquisition of Metro-Goldwyn-Mayer by Sony Corp. of America and its partners, all but assuring that the $4.8 billion sale of the famed st

(The Hollywood Reporter) -- European antitrust regulators on March 30 blessed the proposed acquisition of Metro-Goldwyn-Mayer by Sony Corp. of America and its partners, all but assuring that the $4.8 billion sale of the famed studio will close next month.

The decision of the European Commission that the sale could go through without conditions was the last regulatory hurdle that needed clearing.

The deal was announced in September and won U.S. approval in December.

In making its announcement, MGM and the consortium of buyers -- known collectively as LOC Acquisition Co. and including Providence Equity Partners, Texas Pacific Group, cable TV operator Comcast Corp. and Credit Suisse Group's DLJ Merchant Banking -- said the purchase is still "subject to the financing necessary to complete the proposed acquisition being consummated," as well as other "closing conditions." Spokesmen for the deal would not elaborate on March 30.

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