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BSkyB pays 5bn to create Sky Europe
2014-07-25 09:24:12| BBC News | Business | UK Edition
BSkyB wants to take over Rupert Murdoch's pay TV companies in Germany and Italy in a move that would create a company with 20 million European viewers.
BSkyB acquires Sky Deutschland, Sky Italia for GBP 4.9 bln
2014-07-25 08:43:00| Telecompaper Headlines
(Telecompaper) 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 the 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 represents around 10 percent of the firm's issued share capital. In total, BSkyB confirmed it would pay GBP 2.45 billion for Sky Italia and GBP 2.9 billion for Fox's majority stake in Sky Deutschland. The payment for Sky Italia will also include BSkyB's stake in the National Geographic Channel, valued at GBP 382 million. In addition to the enhanced growth profile of the business, BSkyB expects to realise GBP 200 million of run-rate cash synergies by the end of the second full financial year after completion, with further additional synergies to come in subsequent periods.
Tags: deutschland
italia
sky
gbp
Sky spends 5bn to build pan-Europe business
2014-07-25 02:00:00| Total Telecom industry news
U.K. satellite TV company announces acquisition of Sky Italia and Sky Deutschland; publishes full-year results
Tags: business
build
sky
spends
Technicolor delivers 11 millionth set-top box to Tata Sky
2014-07-21 13:30:02| Digital TV News
Technicolor (Euronext Paris: TCH ; OTCQX: TCLRY) has announced the delivery of the 11 millionth Technicolor set-top box to Tata Sky, India's leading direct to home (DTH) service provider and HD market leader.
Sky buys 70% stake in Bake Off firm
2014-07-21 12:15:52| BBC News | Business | UK Edition
Sky has bought a 70% stake in the production company behind programmes such as The Great British Bake Off and Benefits Street.
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