LONDON (AP) — London-based pay TV network BSkyB has agreed to take control of its sister companies in Italy and Germany, creating a multinational European broadcaster. The deal could have a wider impact on the media industry, giving Rupert Murdoch’s 21st Century Fox a cash boost to potentially revive its attempt to buy Time Warner.
BSkyB said Friday it will buy Sky Italia and 57 percent of Sky Deutschland for 5.35 billion pounds ($9.1 billion) from media giant 21st Century Fox. Besides being chairman and CEO of 21st Century Fox, Murdoch is also BSkyB’s largest shareholder with a stake of just over 39 percent.
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.