EU Gives NBC, News Corp. OK to Tackle YouTube

Filed under E-Commerce

Regulators in Europe have given the green light to a planned Internet joint venture between NBC Universal and News Corp.: a Web video repository seen as a competitor to Google’s YouTube. The yet-to-be-named venture — first announced in March following weeks of speculation — is expected to launch sometime this summer and, at least at first, will be an outlet mainly for video content from the two media companies. European Commission regulators had been reviewing the proposed plan for possible antitrust issues since shortly after it was announced.