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Germany: Sky Deutschland resists BSkyB takeover agenda

By  |  September 17, 2014

Germany’s Sky Deutschland raised opposition to the UK’s BSkyB and its plan to create a multinational pay-TV conglomerate through acquiring two national units, say reports.

BSkyB is looking to acquire Sky Deutschland as well as Sky Italia in deals worth a combined $8.9 billion.

But Sky Deutschland urged its investors to reject the bid, say reports. BSkyB would acquire the German company’s assets through their current owner, Fox. Sky Deutschland urged investors earlier this week that the deal undervalues the company, especially BSkyB’s offer to acquire shares of the company’s minority shareholders.

According to the company, the bid “does not reflect the full potential and thus intrinsic value of Sky Deutschland’s business.”

Despite the opposition, reports say the mergers will likely emerge successfully.

Full content: Hollywood Reporter

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