Sky plc: completion of the deal for the acquisition of Sky Deutschland for €245m

Sky plc, which previously held a 96% stake in Sky Deutschland, has completed the takeover of the German network for a fee of €245m, on 15/09/2015.

The British pay-TV group acquired the remaining 4% minority interest, set at €6.68 per share, in accordance with the requirements of German law on joint stock companies. The group had acquired Sky Italia and 87.45% of Sky Deutschland on 13/11/2014, constituting the Sky plc group.

"The complete acquisition of Sky Deutschland is the final step in creating an even stronger company for the future," said Jeremy Darroch, CEO of Sky plc.

Sky

Sector: pay-TV operator by satellite, cable, Internet
Founded: 1989 (Sky Sports: 1991)
Shareholding: …