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    BSkyB to create a world-class multinational pay TV business...

    This is a discussion on BSkyB to create a world-class multinational pay TV business... within the Sky news and announcements forums, part of the SkyUser Announcements category; BSkyB to create a world-class multinational pay TV business with acquisition of Sky Italia and 57.4% stake in Sky Deutschland ...

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      Scubbie's Avatar
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      BSkyB to create a world-class multinational pay TV business...

      BSkyB to create a world-class multinational pay TV business with acquisition of Sky Italia and 57.4% stake in Sky Deutschland

      BSkyB to create a world-class multinational pay TV business with acquisition of Sky Italia and 57.4% stake in Sky Deutschland


      • New Sky to be the number one pay TV provider in three of the four largest markets in Europe
      • Enlarged business will have expanded growth opportunity, benefits of scale, and significant synergy potential
      • Combination of complementary businesses with shared brand and market-leading capabilities in content, innovation and service delivery for customers
      • Expected to be at least neutral to earnings per share in second full financial year of ownership and strongly accretive thereafter
      • Total cash consideration to 21st Century Fox of £4.9 billion and the transfer of BSkyB’s 21% stake in National Geographic Channel
      • Cash consideration to be funded through a combination of a placing of 156.1 million new Ordinary Shares representing approximately 9.99% of the Company's issued share capital, new debt facilities and existing cash resources
      • BSkyB making required offer to minority shareholders in Sky Deutschland at €6.75 per share


      BSkyB today announces it has entered into agreements with 21st Century Fox to acquire 21st Century Fox’s 100% stake in Sky Italia and its 57.4% interest in Sky Deutschland. The enlarged company will be a world-class multinational pay TV provider that serves 20 million customers and brings together the leading pay TV businesses in three of Europe’s four biggest markets.

      The total consideration for the acquisition of Sky Italia is £2.45 billion with approximately £2.07 billion to be paid in cash and the balance to be satisfied through the transfer of BSkyB's 21% stake in National Geographic Channel International to 21st Century Fox at a value of £382 million1. The acquisition of 21st Century Fox’s shareholding in Sky Deutschland is for a consideration of £2.9 billion in cash, valuing Sky Deutschland at €6.75 per share. The transactions are subject to regulatory and independent shareholder approval...

      Jeremy Darroch, BSkyB's Chief Executive, said: "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.”
      Nick Ferguson, Chairman of BSkyB, said: “The Independent Directors of BSkyB unanimously believe the strategic rationale for a combination with Sky Italia and Sky Deutschland is compelling. The agreed valuation represents an attractive financial opportunity that will deliver growth and value creation for all shareholders.”
      For the full statement, please view the PDF file here: http://corporate.sky.com/documents/a...25_07_2014.pdf

      Comment: This has been on the cards for a while now. It needs to be approved by all the regulators, but should not be an issue. Currently BSkyB, Sky Italia and Sky Deutschland each have their own STBs and EPG menus. The German one has particularly been liked for some of its features, including the external hard drive unit that can plug into the main STB. Will this open the door for our Sky units to be supplied with even more hard drive space?




      http://www.sky.de/web/cms/de/skyplus-2tb-festplatte.jsp

      Of course there are stories that Sky will be moving to a Cloud storage system with their 4K UHDTV system.

      Sky to launch new set-top box with cloud storage, 4K support? - Tech News - Digital Spy

      What potential benefit or pitfalls do you see from this buy-out?


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      Re: BSkyB to create a world-class multinational pay TV business...

      Quote Originally Posted by Scubbie View Post

      What potential benefit or pitfalls do you see from this buy-out?
      Euro-pron


     

     

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