BERLIN (AP) — A wholly owned subsidiary of Rupert Murdoch's News Corp. has taken a majority stake in German pay-TV Sky Deutschland.
The Munich-based channel said in a statement Monday that News Adelaide has increased its holding in Sky Deutschland to 54.5 percent for €347.4 million ($461.14 million).
Sky Deutschland says News Corp. has also agreed to guarantee a €300 million bank loan and the channel's license fee payments to the German Football League for the Bundesliga seasons through 2016/2017.
Some 3,363,000 customers paid for Sky Deutschland's subscription service last year.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Reader Comments (