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BSkyB secures 69% of Sky Deutschland

October 21, 2014 10.16 Europe/London By Julian Clover

Sky DeutschlandBSkyB has confirmed it has secured 69% of Sky Deutschland. It is part of the £5 billion agreement to create a European pay-TV giant that would also include Sky Italia.

German stock market rules mean that Sky’s €6.75 per share offer for the German business must now be extended to other shareholders, though the company has already said it would have been satisfied with a 57% holding.

The extended offer will run until November 3.

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Filed Under: Finance, Newsline Tagged With: BSkyB, Sky Deutschland, Sky Europe Edited: 22 October 2014 09:41

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About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on Twitter @julianclover, on Facebook or by email at jclover@broadbandtvnews.com.

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