British Sky Says Addl. Offer Acceptance Period For Sky Deutschland Expires

(RTTNews) - British Sky Broadcasting Group Plc., known as BskyB, (BSYBY.PK, BSY.L), Thursday announced that the additional acceptance period of the public takeover offer to the shareholders of Sky Deutschland (SKDTF.PK, SKDTY.PK) expired on November 3.

BSkyB has received acceptances representing 87.45 percent of the issued share capital of Sky Deutschland, including in respect of the 57.45 percent stake which BSkyB agreed to acquire from 21st Century Fox (FOXA, FOX). The company further said the settlement of the takeover offer is expected to occur on November 12.

It was in late July that BskyB agreed to acquire 21st Century Fox's 100 percent stake in Italian pay-TV provider Sky Italia and its 57.4 percent interest in German pay-TV company Sky Deutschland in a deal valued at nearly $9.3 billion.

In September, the European Union approved BskyB's proposed acquisition of pay-TV companies Sky Deutschland and Sky Italia S.r.l, noting that the deal would not raise competition concerns.

Sky Deutschland shareholders were invited to tender their shares until November 3.