Sky has confirmed it is to acquire the remaining 4% of the shares in Sky Deutschland that it does not already own through a compulsory “squeeze out” procedure and will take the German pay TV unit off the stock market.
Sky said that the required shareholder resolution is expected to be adopted by Sky Deutschland in due course. Remaining minority shareholders of that are subject to the squeeze out will receive cash compensation, which will be determined following a formal valuation of the company.
The delisting of Sky’s German unit has been expected since Sky’s holding passed the 95% threshold required in January.
The move marks the completion of Sky’s takeover of its German and Italian sister companies to create a single international Sky operating across all three countries. Sky initially acquired the 57% owned of Sky Deutschland owned by 21st Century Fox last year.
Services continue to grow for Apple as company makes more than US$100 billion in Q1 2021 digitaltveurope.com/2021/01/28/ser… https://t.co/gSEMaf2AUJ
28 January 2021 @ 13:07:12 UTC
Banned #TikTok cuts Indian staff digitaltveurope.com/2021/01/28/ban… https://t.co/6IYe4MY7eE
28 January 2021 @ 12:06:41 UTC
Streaming records for Sweden digitaltveurope.com/2021/01/28/str… https://t.co/5JjjxPC1pn
28 January 2021 @ 11:03:06 UTC
ICYMI: @discoveryplus launches in Italy with TIM digitaltveurope.com/2021/01/27/dis… https://t.co/jnNUnzJtEe
27 January 2021 @ 21:00:01 UTC
.@OmdiaHQ: frequent cinemagoers providing boost for SVOD uptake digitaltveurope.com/2021/01/27/omd… https://t.co/qa8GpFIgAc
27 January 2021 @ 20:00:01 UTC