UK pay-TV broadcaster BSkyB has ended up with a 87.45% stake in Sky Deutschland following the closure of the take-over offer made to the German pay-TV company’s minority shareholders.
Under German stock market rules, BSkyB had to place an offer to all remaining shareholders following its take-over of the 57% stake in Sky Deutschland from 21st Century Fox.
The transaction is part of BSkyB’s £5 billion move to combine its operations in the UK with Sky Deutschland and Sky Italia to benefit from synergies in areas such as content, technology and logistics.
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