BSkyB has secured a £4.9 billion deal to takeover Sky Italia and Sky Deutschland, to create Sky Europe.
Sky will pay £2.45 billion for Sky Italia, £2.07 billion of which will be paid in cash with the remaining balance to be paid through the transfer of its 21% stake in National Geographic Channel International to 21st Century Fox for £382 million.
Sky will pay £2.9 billion in cash for Sky Deutschland, valuing the business at €6.75 per share.
Read the full story at BSkyB secures £4.9bn for Sky Europe deal – Brand Republic News.
