BSkyB gets German clearance for Sky Deutschland deal

15 Oct 2014

BSkyB has received unconditional approval from state media authorities in Bavaria, and Hamburg and Schleswig-Holstein for its purchase of a 57.4% stake in Sky Deutschland, reports Digital TV Europe. In July the British firm entered into agreements with 21st Century Fox to acquire the latter’s 100% stake in Sky Italia and its 57.4% interest in Sky Deutschland for a total cash consideration of GBP4.9 billion (USD8.3 billion). The move is aimed at creating a multinational pay-TV provider that serves 20 million customers and brings together ‘the leading pay-TV businesses in three of Europe’s four largest markets’. The European Commission cleared the deal in September and last week 96% of BSkyB’s independent shareholders voted in favour of the firm’s proposed acquisition of Sky Italia and Sky Deutschland at a general meeting.

Germany, Italy, United Kingdom, Sky, Sky Italia