BSkyB Acquires SkyD and Sky Italia

London, UK, July 25, 2014--BSkyB today announces it has entered into agreements with 21st Century Fox to acquire 21st  Century Fox’s 100% stake in Sky Italia and its 57.4% interest in Sky Deutschland. The enlarged  company will be a multinational pay TV provider that serves 20 million customers and brings together the leading pay TV businesses in three of Europe’s four biggest markets.

The total consideration for the acquisition of Sky Italia is £2.45 billion with approximately £2.07  billion to be paid in cash and the balance to be satisfied through the transfer of BSkyB's 21% stake  in National Geographic Channel International to 21st Century Fox at a value of £382 million.

The acquisition of 21st Century Fox’s shareholding in Sky Deutschland is for a consideration of £2.9  billion in cash, valuing Sky Deutschland at €6.75 per share. The transactions are subject to  regulatory and independent shareholder approval.