Sky completes full acquisition of Sky Deutschland

MUMBAI: European pay TV company Sky, in which Rupert Murdoch's 21st Century Fox owns a 39 per cent stake, has completed the buyout of remaining shareholders to gain full ownership of Sky Deutschland.


With this, the company claims to have “consolidated its position as Europe’s leading entertainment company.”


Sky completed the acquisition of the remaining approximately four per cent minority shareholdings in Sky Deutschland AG, with the cash compensation for the minority shareholdings set at €6.68 per share, in accordance with the requirements of the German Stock Corporation Act.


As a result of this acquisition, Sky Deutschland AG will be delisted from the Frankfurt Stock Exchange.


Sky group CEO Jeremy Darroch said, “The full acquisition of Sky Deutschland is the latest step in creating an even stronger business for the future. The opportunity ahead is substantial and we have a strong platform on which to build and deliver benefits for customers and shareholders alike.”

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