News Corp acquires majority interest in Sky Deutschland
Jörn Krieger | 14-01-2013
International media company News Corp has increased its stake in Sky Deutschland to 54.5%, thereby becoming the majority shareholder in the German pay-TV broadcaster.
News Corp previously held 49.9%, with the remaining shares listed on the Frankfurt stock exchange. With the acquisition of the majority interest, News Corp not only pours fresh capital totalling €347.4 million into the company, but also secures the purchase of the football Bundesliga rights from the 2013/14 to 2016/17 seasons through new five-year bank loans amounting to €300 million.
Sky Deutschland has also announced its subscriber figures for 2012. The total customer number rose by 351,000 to 3.36 million - an increase of 12% compared to 2011. 2.25 million subscribers receive the Sky HD offering.
The number of premium HD subscribers climbed by 540,000 to 1.51 million - corresponding with 45% of the total number of subscribers. The number of households equipped with Sky+ rose by 518,000 to 929,000. Thus, 28% of Sky customers now have the PVR (2011: 14%).
Sky will publish its complete business year 2012 report on 28 February.