BSkyB has agreed with Rupert Murdoch to buy Sky Deutschland and Sky Italia for a total of up to £7bn, in a deal will create a pan-European pay-TV and broadband empire. The British company will
acquire from 21st Century Fox 57pc of Sky Deutschland for £2.9bn and make an equivalent offer of €6.75 per share for the remaining publicly traded shares. It has agreed to pay
£2.45bn, or just under 10 times earnings, for Sky Italia, which Fox owns outright.
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