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EU: BSkyB cleared to take over Italian, German sister units

 |  September 11, 2014

UK broadcasting giant BSkyB has been given clearance by the European Commission to take control of its sister units in Italy and Germany, reports say.

The acquisition, planned for $8.6 billion, will turn BSkyB into a multinational pay-TV network. BSkyB will acquire Sky Italy as well as 57 percent of Sky Deutschland. The assets are currently owned by US-based 21st Century Fox.

The takeovers were first announced in July.

The Commission cleared the plans, finding no evidence the merger would hamper competition as the companies are all serving different markets.

Full content: Star Tribune

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