BSkyB share price falls after it secures 87.45 per cent of Sky Deutschland

first_imgBSkyB will own 87.45 per cent of Sky Deutschland once its takeover is completed next week, it said this morning. A larger-than-expected proportion of minority shareholders in the German pay-TV company accepted an offer of €6.75 per share from the British company. The takeover is due to be completed on 12 November, and will cost BSkyB around £4.5bn. Having agreed to buy a 57 per cent stake in Sky Deutschland and Sky Italia for $9bn ($5.6bn) from Rupert Murdoch’s 21st Century Fox, stock market rules dictated BSkyB had to extend its share offer to minority shareholders. Despite the fact the offer came at a zero premium to the average share price over the last three months, enough minority shareholders accepted the bid to give BSkyB a huge stake in the German company.  BSkyB’s share price fell almost one per cent on the news, while shares in Sky Deutschland dropped as much as six per cent to €5.88 per share in early trading on the Deutsche Borse. Investor sentiment in BSkyB has also cooled after a UK court ruled the British broadcaster must make its Sky Sports channels available to rival BT Sport. BSkyB will own 87.45 per cent of the issued share capital once the takeover is completed. The settlement of the takeover is expected on 12 November.  Thursday 6 November 2014 4:58 am whatsapp Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comUndoMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndo BSkyB share price falls after it secures 87.45 per cent of Sky Deutschland Show Comments ▼center_img Joe Hall whatsapp More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Tags: Company Skylast_img

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