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Sky Deutschland gets €110m injection
By Julian Clover
January 20, 2010 10.52 UK
Sky Deutschland has said the proceeds of its capital increased announced in December amount to €110 million. With the subscription price of its share issue set at €2.25 per new share, News Corp’s interest in the German satcaster will rise to 45.42%, through the purchase of shares by News Corp subsidiary News Adelaide Holdings BV.
As previously reported in Broadband TV News, Sky Deutschland will use the funding to accelerate the development of its HD offering from the present seven channels, with at least four launching during 2010.
By Julian Clover
January 20, 2010 10.52 UK
Sky Deutschland has said the proceeds of its capital increased announced in December amount to €110 million. With the subscription price of its share issue set at €2.25 per new share, News Corp’s interest in the German satcaster will rise to 45.42%, through the purchase of shares by News Corp subsidiary News Adelaide Holdings BV.
As previously reported in Broadband TV News, Sky Deutschland will use the funding to accelerate the development of its HD offering from the present seven channels, with at least four launching during 2010.
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