Feeds

BSkyB slurps Murdoch's Italian and German Sky assets to beef up European pay-TV biz

Pays Uncle Rupert £4.9bn for square-eyed deal

Beginner's guide to SSL certificates

BSkyB is pursing a bold pay-TV strategy in Europe with the unsurprising buyout today of 21st Century Fox's 100 per cent stake in Sky Italia and 57.4 per cent interest in Sky Deutschland.

It told the City this morning that it would pay £2.45bn to acquire Sky Italia from media mogul Rupert Murdoch's company, which has a 39 per cent stake in BSkyB.

Additionally, BSkyB agreed to pay £2.9bn in a takeover deal with Sky Deutschland. It is offering to scoop up the remaining 42.6 per cent stake in the outfit from minority shareholders with an offer of €6.75 a share.

But the London Stock Exchange reacted with indifference to the takeover plans, pushing BSkyB shares down 2.65 per cent to 900.45p on Friday morning.

The British broadcasting company separately reported its full year results to the City today.

Sales in BSkyB climbed 7 per cent to £7.6bn for the 12 months ended 30 June, while pre-tax profit was relatively flat at £1.18bn compared with £1.26bn a year ago.

The company splurged £819m in direct network costs, which mushroomed 15 per cent as it signed up more subscribers and "absorbed the acquired [broadband and fixed line] O2 customer base".

BSkyB's broadband business grew to 5.2 million customers in the firm's final quarter. ®

Security for virtualized datacentres

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.