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BSkyB and KirchGruppe to Merge Pay TV.

At long last, Rupert Murdoch will be able to place his fingers into the European pay-TV market pie with the merger between BSkyB (the U.K.) and the KirchGruppe's pay-TV service (Germany). BSkyB last month announced a deal to take a 24.9 percent stake in Deutcheland's pay-TV service in return for an investment of $1 billion.

Murdoch's News Corp., which has a 40 percent stake in BSkyB, and Vivendi, the French media group with a 24.5 percent stake in the London-based satellite service provider, will take up their allocations.
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Publication:Video Age International
Article Type:Brief Article
Geographic Code:4EUUK
Date:Jan 1, 2000
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