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News Corp ups stake in Sky Deutschland following capital increase

Sky Deutschland has successfully completed its capital increase, raising some €91 million, increasing the number of shares from 856,800,738 to 877,200,755.

One result of the increase was that News Corp subsidiary News Adelaide increased its stake in the company by more than expected, taking its post-increase stake from 54.5% to 54.8%. It has been widely speculated that News Corp will move to take full control of the German pay TV operator.