Turner International Latin America’s takeover of Chilean pay-television channel Canal del Fútbol has been approved by the FNE, the country’s antitrust regulator.
The deal has been valued at $1.2bn (€1bn), according to the Telecompaper news service.
The watchdog said that the acquisition would not significantly reduce competition due to a number of conditions imposed on Turner as part of the deal.
The channel was launched by Chile’s Asociación Nacional de Fútbol Profesional in 2003. Turner outbid rivals, including Fox Sports, for the right to acquire the channel late last year.
The channel, which is known as CDF, will be relaunched as TNT Sports Chile early in the new year.