BSkyB Sealed A £10bn Deal To Build Sky Europe

BSkyB Sealed A £10bn Deal To Build Sky Europe

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.

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