BSkyB has sealed a £10bn deal to create Sky Europe, buying its sister pay-TV companies in Germany and Italy from Rupert Murdoch’s 21st Century Fox. The deal will maintain Rupert Murdoch’s 21st Century Fox 39% stake in the enlarged Sky, which will bring together 20 million customers in three of Europe’s richest economies.
“This transaction will create a world-class, multinational pay TV business with enhanced headroom for growth and immediate benefits of scale. The three Sky businesses are leaders in their home markets and will be even stronger together. By creating the new Sky, we will be able to use our collective strengths and expertise to serve customers better, grow faster and enhance returns,” said Jeremy Darroch, BSkyB’s Chief Executive.
BSkyB takes NOW TV OTT to PlayStation 4
To allow owners of Sony’s core games platform have over-the-top (OTT) access to Sky Movies, Sky Sports and other TV shows, BSkyB has ported NOW TV to the PlayStation 4. Owners of the previous generation of the Sony console have been able to have OTT access to Sky programmes since May 2013 and NOW TV is also available on a wide range of devices including …
BSkyB’s exit could liberate ITV
BSkyB raised eyebrows when it sold its 6.4 per cent stake in ITV (ITV) to international cable giant Liberty Global for £481m last week. The pay-TV and telecoms provider may have found the 185p a share deal – a 37 per cent return on its investment since 2006 – too juicy to pass up. The stake’s value was limited as increasing it would likely have drawn the ire of …