Sky Deutschland : Tender Offer to Sky Deutschland’s shareholders (25.07.2014)

Munich, 25 July 2014 - Sky Deutschland notes that this morning 21st Century Fox announced its intention to combine its European satellite television holdings. As part of this proposed transaction BSkyB has agreed to acquire the 21st Century Fox 57.4% equity stake (fully diluted) in Sky Deutschland, and has announced its plan to launch a voluntary cash offer for 100% of the outstanding share capital of Sky Deutschland at a price of €6.75 per share. 

The Management and Supervisory Boards of Sky Deutschland will evaluate the offer of BSkyB with the support of both financial and legal advisors. After publication and review of the tender offer, the Boards will issue an official statement as required under German Law.

About Sky Deutschland:

Sky Deutschland AG is the leading pay-TV company in Germany and Austria with over 3.7 million subscribers and revenues amounting to more than 1.5 billion Euros. The listed MDAX company offers subscription TV as well as on-demand services for private and business customers.

The Sky platform comprises more than 70 exclusive TV channels, almost all of which are also available in HD. Sky's program portfolio comprises live sports - and also the only German 24/7 sports news channel - feature films, TV series, children's programs, and documentaries. The Sky+ hard disk receiver allows for time-shifted TV, and the Sky Anytime media library enables customers to enjoy hundreds of constantly changing 

titles. Moreover, the Sky Go over-the-top service provides access to Sky programming via mobile devices and PCs.

Sky is the innovation leader in the German and Austrian TV markets. In the past two decades, Sky has played a major role in establishing pay-TV as the third pillar of TV entertainment alongside fee-financed and advertising-financed broadcasters. Sky has around 2,400 employees and is based in Unterföhring near Munich.