Saturday, 10 December 2016

Sky spends £5bn to build pan-Europe business

By Mary Lennighan, Total Telecom
Friday 25 July 14

U.K. satellite TV company announces acquisition of Sky Italia and Sky Deutschland; publishes full-year results

BSkyB on Friday announced that it has agreed to buy all of Sky Italia and 57.4% of Sky Deutschland for close to £5 billion to create a European pay TV business with around 20 million customers. The U.K.-based operator will acquire the businesses from shareholder 21st Century Fox. It will pay £2.45 billion for Sky Italia: £2.07 billion in cash plus the transfer of its 21% stake in National Geographic Channel…

BSkyB on Friday announced that it has agreed to buy all of Sky Italia and 57.4% of Sky Deutschland for close to £5 billion to create a European pay TV business with around 20 million customers. The U.K.-based operator will acquire the businesses from shareholder 21st Century Fox. It will pay £2.45 billion for Sky Italia: £2.07 billion in cash plus the transfer of its 21% stake in National Geographic Channel…

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