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BSkyB acquires Sky Deutschland, Sky Italia for GBP 4.9 bln

Friday 25 July 2014 | 08:43 CET | News
British Sky Broadcasting (BSkyB) has agreed to buy Sky Deutschland and Sky Italia from 21st Century Fox for a total of GBP 4.9 billion cash. The deal creates a new business, already dubbed 'Sky Europe' by the media, that will be the leading pay TV provider in three of Europe's four biggest markets, serving a total of 20 million customers. The news comes two months after BSkyB said it was in talks with Fox, which is its biggest shareholder as well as the owner of Sky Italia and 57.5 percent of Sky Deutschland. BSkyB will pay for the deal with cash, debt and by a placing of shares that

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Categories: Broadcast & Satellite
Companies: British Sky Broadcasting / BSkyB / National Geographic / Sky Deutschland / Sky Italia / Time Warner
Countries: Germany / Italy / United Kingdom
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