LONDON: Britain’s BSkyB has agreed to pay $9 billion to buy Rupert Murdoch’s pay-TV companies in Germany and Italy, taking its hunt for growth into Europe by creating a media powerhouse with 20 million customers.
BSkyB, in which Murdoch’s 21st Century Fox is also the largest shareholder, will pay for the deal using cash, debt, its stake in a TV channel and a placing of shares that represents around 10 per cent of its issued share capital.
Published in Dawn, July 26th, 2014
Dear visitor, the comments section is undergoing an overhaul and will return soon.