BSkyB shareholders approve Sky Europe acquisition

BSkyB’s proposed acquisition of Sky Italia and Sky Deutschland has moved one step closer following an overwhelming vote in favour of a resolution seeking approval of the deal.

The resolution was passed by the requisite majority of independent shareholders with 96 per cent voting in favour.

BSkyB reports that it continues to progress the satisfaction of transaction conditions, noting that prior to the October 6 shareholder vote, the Company had received the approval of the European Commission, as well as the Jersey Competition Regulatory Authority and national media authorities in Austria and Italy. Completion of the transaction remains subject to the satisfaction of certain other conditions, including approval of the German state media authorities.

BSkyB says that further updates will be made in due course.

You must be logged in to post a comment Login