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European Union regulators plan to approve WorldCom Inc.’s proposed $42.7 billion purchase of MCI Communications Corp. in the next few days after MCI answers further questions on its offer to sell its Internet business, said an EU official close to the negotiations.
European Commission antitrust experts Friday told a committee of officials from the 15 EU nations the firms have allayed almost all of their concerns that the combined company would dominate the Internet, the official said. In a non-binding action, the committee voted unanimously to support approving the acquisition once all concerns have been addressed.
