Rupert Murdoch Plans $14 Billion Deal to Merge European Pay TV Units

Rupert Murdoch European TV Merger

Rupert Murdoch’s TV empire is getting even bigger.

Murdoch plans to merge his European satellite TV companies in a deal valued at almost $14 billion. According to a Bloomberg report, Murdoch looks to acquire Sky Italia and Sky Deutschland from 21st Century Fox to combine them with his British Sky Broadcasting Group.

Fox, which houses Murdoch’s entertainment groups following last year’s separation from News Corp, currently has a 39 percent stake in BSkyB. Fox owns 55 percent of Sky Deutschland and 100 percent of Sky Italia.

The move, which has reportedly been in the works for months, would transform BSkyB — the biggest pay TV provider in the U.K. — into a Euro pay TV giant with control of companies that sell satellite programming to almost 9 million homes in Germany and Italy.

The deal could be finalized this summer.

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