Around the Net

BSkyB Pushes Forward With Pan-European Pay TV Plans

BSkyB is pushing ahead with its plan to create a European pay television giant after winning the backing of 96 per cent of its independent shareholders yesterday. BSkyB agreed to buy Sky Italia and a controlling stake in Sky Deutschland for £4.9 billion from 21st Century Fox, in a deal that will create a pan-European broadcaster with about 20 million customers. The Rupert Murdoch-run Fox, which owns nearly 40 per cent of BSkyB, was not allowed to vote on the transaction because of stock market rules on conflicts. 

Read the whole story at The Times »

Next story loading loading..