News Corp takes Sky Deutschland holding to 45%
News Corp is to plough another €120 million into Sky Deutschland. The company has agreed to subscribe to up to 49 million new registered shares in the satcaster as part of a capital increase that will likely take its shareholding from 39.96% to a maximum 45.4%.
The issue price of the new shares will be €2.25 or, if greater, the volume-weighted average price on XETRA over the five trading days prior to the resolution of the capital increase less a 3% discount.
The capital increase is set to take place during January 2010.