Satellite broadcaster BSkyB has secured a foothold in the growing German pay-TV market by taking a near £1 billion stake in the country’s leading subscription broadcaster, Kirch.
Sky is to pay DM2.9 million (£930 million) for a 24% stake in KirchPayTV. The deal between Kirch and BSkyB follows months of discussions which were stalled, over the issue of ownership of rights in Kirch, and then later resumed by Sky.
BSkyB: 0171 705 3000
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