It is thought that the European Commission will report it has found no significant anti-competitive problems, according to a report quoting a source close to the situation.
The EC had been investigating the impact of the proposed deal and set itself a deadline of 22 December to report back
The Rupert Murdoch-led media company is trying to buy the 61% of BSkyB it does not already own.
There are concerns that as a single owner NewsCorp, which already owns UK newspapers The Times, The Sunday Times, The News of the World and The Sun, would become too dominant in the marketplace – particularly in the advertising market.
UK broadcasting regulator Ofcom is also investigating the takeover to assess whether it is in the public interest and will report back to business secretary Vince Cable by the end of the year about whether the deal should be referred to the Competition Commission.