Fox’s BSkyB Gets Greenlight from European Union to Create Pay TV Giant

LONDON — U.K. satcaster BSkyB has cleared the first of the hurdles as it seeks to create a pan-European pay TV giant.

On Thursday, the company said it had received unconditional clearance from the European Commission, the executive arm of the European Union, and the Austrian Federal Competition Authority for its acquisition of Sky Italia and at least 57% of Sky Deutschland.

Further hurdles remain: completion of the transaction remains conditional upon, amongst other things, approval of the independent shareholders of BSkyB, and the receipt of relevant outstanding regulatory approvals, BSkyB said.

BSkyB announced the deal in July to take control of its German and Italian sister companies. 21st Century Fox owns a 39% stake in BSkyB, 100% of Sky Italia and 57% of Sky Deutschland. The proposed deal will see BSkyB acquire Fox’s stakes in Sky Italia and Sky Deutschland. It also will bid for the remaining Sky Deutschland shares.

The merged entity, which some observers are calling Sky Europe, will have 20 million pay TV subscribers in the U.K., Ireland, Italy, Germany and Austria. Potentially, Sky Europe will be able to reach up to 97 million households.

More TV

  • ROSEANNE - "Netflix & Pill" -

    'Roseanne': What's Next for ABC's Spinoff

    LONDON — U.K. satcaster BSkyB has cleared the first of the hurdles as it seeks to create a pan-European pay TV giant. On Thursday, the company said it had received unconditional clearance from the European Commission, the executive arm of the European Union, and the Austrian Federal Competition Authority for its acquisition of Sky Italia […]

  • D'Arcy Carden The Good Place

    Emmys: Will Critical Darlings Like 'The Good Place' and 'Killing Eve' Find a Foothold?

    LONDON — U.K. satcaster BSkyB has cleared the first of the hurdles as it seeks to create a pan-European pay TV giant. On Thursday, the company said it had received unconditional clearance from the European Commission, the executive arm of the European Union, and the Austrian Federal Competition Authority for its acquisition of Sky Italia […]

  • ROSEANNE - "Netflix & Pill" -

    The 'Roseanne' Spinoff Can't Escape Roseanne (Column)

    LONDON — U.K. satcaster BSkyB has cleared the first of the hurdles as it seeks to create a pan-European pay TV giant. On Thursday, the company said it had received unconditional clearance from the European Commission, the executive arm of the European Union, and the Austrian Federal Competition Authority for its acquisition of Sky Italia […]

  • Lagardere Studios' Imagissime Unveils New Documentaries

    Lagardere Studios' Imagissime Unveils New Slate of Documentaries (EXCLUSIVE)

    LONDON — U.K. satcaster BSkyB has cleared the first of the hurdles as it seeks to create a pan-European pay TV giant. On Thursday, the company said it had received unconditional clearance from the European Commission, the executive arm of the European Union, and the Austrian Federal Competition Authority for its acquisition of Sky Italia […]

  • Laura Ingraham

    Laura Ingraham Is Under Madison Ave.'s Microscope Again

    LONDON — U.K. satcaster BSkyB has cleared the first of the hurdles as it seeks to create a pan-European pay TV giant. On Thursday, the company said it had received unconditional clearance from the European Commission, the executive arm of the European Union, and the Austrian Federal Competition Authority for its acquisition of Sky Italia […]

  • One Day At A Time, Vida

    How 'Vida' and 'One Day at a Time' Make the Political Personal (Column)

    LONDON — U.K. satcaster BSkyB has cleared the first of the hurdles as it seeks to create a pan-European pay TV giant. On Thursday, the company said it had received unconditional clearance from the European Commission, the executive arm of the European Union, and the Austrian Federal Competition Authority for its acquisition of Sky Italia […]

More From Our Brands

Access exclusive content