You will be redirected back to your article in seconds

BSkyB Confirms Talks with 21st Century Fox over European Pay TV Merger

CANNES — U.K. satcaster BSkyB has confirmed reports that it is looking to acquire 21st Century Fox’s stakes in pay TV operators Sky Deutschland in Germany and Sky Italia in Italy.

The company said in a statement Monday, “BSkyB believes at the right value, this combination would have the potential to create a world-class multinational pay TV group.”

It added that discussions had not progressed beyond a preliminary stage, and there was “no certainty that a transaction will occur.”

With regards to Sky Deutschland, BSkyB would look to acquire 21st Century Fox’s 57% stake in the company. As a consequence BSkyB would be required to make a takeover offer to the minority stockholders of Sky Deutschland, in line with German law.

21st Century Fox owns Sky Italia outright.

BSkyB said all board discussion of the issue is being conducted within a committee composed of the independent directors of BSkyB, in which directors affiliated with 21st Century Fox do not participate.

21st Century Fox said in a separate statement: “Over the years we’ve had numerous internal discussions regarding the organizational and ownership structure of the European Sky-branded satellite platforms. From time to time these conversations have included BSkyB, however, no agreement between the parties has ever been reached.”

More TV

  • 'Mystery Science Theater 3000' starring Jonah

    'Mystery Science Theater 3000: The Return' Renewed for Season 2 At Netflix

    CANNES — U.K. satcaster BSkyB has confirmed reports that it is looking to acquire 21st Century Fox’s stakes in pay TV operators Sky Deutschland in Germany and Sky Italia in Italy. The company said in a statement Monday, “BSkyB believes at the right value, this combination would have the potential to create a world-class multinational […]

  • Canal Plus

    Canal Plus Orders Thomas Lilti's 'Hippocrate' Medical Series

    CANNES — U.K. satcaster BSkyB has confirmed reports that it is looking to acquire 21st Century Fox’s stakes in pay TV operators Sky Deutschland in Germany and Sky Italia in Italy. The company said in a statement Monday, “BSkyB believes at the right value, this combination would have the potential to create a world-class multinational […]

  • Teen Titans Go

    'Teen Titans Go': Animation for All Ages Celebrates Major Milestone Ahead of Feature Film

    CANNES — U.K. satcaster BSkyB has confirmed reports that it is looking to acquire 21st Century Fox’s stakes in pay TV operators Sky Deutschland in Germany and Sky Italia in Italy. The company said in a statement Monday, “BSkyB believes at the right value, this combination would have the potential to create a world-class multinational […]

  • Duffer Brothers Variety Facetime Interview

    Duffer Brothers on 'Stranger Things' 2 and What Scares Them

    CANNES — U.K. satcaster BSkyB has confirmed reports that it is looking to acquire 21st Century Fox’s stakes in pay TV operators Sky Deutschland in Germany and Sky Italia in Italy. The company said in a statement Monday, “BSkyB believes at the right value, this combination would have the potential to create a world-class multinational […]

  • Occupied 2

    MTG Studios Boards Norwegian Drama Series 'Wisting'

    CANNES — U.K. satcaster BSkyB has confirmed reports that it is looking to acquire 21st Century Fox’s stakes in pay TV operators Sky Deutschland in Germany and Sky Italia in Italy. The company said in a statement Monday, “BSkyB believes at the right value, this combination would have the potential to create a world-class multinational […]

  • endemol shine logo

    Endemol Shine Surprises With Plan to Shrink Southeast Asia Operation

    CANNES — U.K. satcaster BSkyB has confirmed reports that it is looking to acquire 21st Century Fox’s stakes in pay TV operators Sky Deutschland in Germany and Sky Italia in Italy. The company said in a statement Monday, “BSkyB believes at the right value, this combination would have the potential to create a world-class multinational […]

  • Stranger Things Season 2

    Netflix, Deutsche Telekom Ink Global Partnership

    CANNES — U.K. satcaster BSkyB has confirmed reports that it is looking to acquire 21st Century Fox’s stakes in pay TV operators Sky Deutschland in Germany and Sky Italia in Italy. The company said in a statement Monday, “BSkyB believes at the right value, this combination would have the potential to create a world-class multinational […]

More From Our Brands

Access exclusive content