In a deal that adds firepower to Rupert Murdoch's 21st Century Fox in its multibillion-dollar quest for Time Warner Inc., British Sky Broadcasting Group PLC has made its move to build "Sky Europe."
The U.K.'s market-leading pay-television operator Friday said it agreed to acquire its sister companies in Germany and Italy from 21st Century Fox in a deal worth just over $9 billion, the majority in
cash, to create a pan-European pay-TV giant with around 20 million customers across Germany, Italy, Austria, the U.K. and Ireland.
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