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.