BSkyB has made a formal offer of €6.75 a share in its bid for Sky Deutschland.
The offer document, published Wednesday, is part of the UK satcaster’s roadmap to create a Europe-wide pay-TV company that would also include Sky Italia.
The Federal Financial Supervisory Authority (It’s called Bundesanstalt für Finanzdienstleistungsaufsicht) has approved the publication of the German language offer document under the German Securities Acquisition and Takeover Act.
The offer will now be open until October 15, 2014.
BSkyB’s £7 billion interest in Sky Italia and Sky Deutschland will help streamline the business across content, technology and logistics.