BSkyB confirms talks to create pan-European pay-TV giant

If BSkyB’s acquisition talks prove successful, it would create a pay-TV company with the power to sell services across three European territories. (File photo: Shutterstock)

British pay-TV group BSkyB is in talks to buy 21st Century Fox’s interests in Sky Deutschland and Sky Italia to create a pan-European television giant, it said on Monday.

BSkyB, which is 39-percent owned by Rupert Murdoch’s 21st Century Fox, said it had “initiated preliminary discussions” with the group “to evaluate the potential acquisition of its pay-TV assets in Germany and Italy”.

It added in a statement: “BSkyB believes at the right value, this combination would have the potential to create a world-class multinational pay TV group.”

In a separate statement, a 21st Century Fox spokesperson said that while the company had carried out “numerous internal discussions regarding the organizational and ownership structure of the European Sky-branded satellite platforms ... no agreement between the parties has ever been reached”.

Last Update: Wednesday, 20 May 2020 KSA 09:43 - GMT 06:43