The European Commission is today expected to approve the AOL/Time Warner merger conditionally. However, there is still a long way to go before the $117.8 billion (euro 135.05 billion) deal is completed.

The two groups have assuaged many of European regulators’ antitrust concerns, but other industry fears have not yet been addressed. There is anxiety in some quarters that the merged duo could dominate the nascent markets of internet instant messaging and interactive TV.

These concerns are at the heart of reviews being held by the US Federal Trade Commission and Federal Communications Commission.

Other worries include access to Time Warner’s cable lines for AOL’s rivals. Between them, these issues could hold up the deal for several weeks.

News source: Wall Street Journal