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Sky Deutschland to get capital injection

News Corp has committed to boosting the capital of pay TV operator Sky Deutschland, which posted strong year-end results yesterday, by a further €300 million.

Sky will receive €100 million in March either via a private placement, a shareholder loan or a mix of both. Sky will get a further injection of €200 million by the end of September, also through one or other of these means. The pay TV broadcaster will use the funds to invest in exclusive content rights, including a broader HD offering.