News Corp takes majority stake in German pay-TV

Rupert Murdoch's News Corp has become the majority shareholder in the German pay-TV channel Sky Deutschland after acquiring a further 4.6% stake, reports the Financial Times.

News Corp paid €347.4m (£288.4m) to raise its holding to 54.5% as the company - Germany's biggest pay-TV outfit - appears to be on the verge of turning a profit for the first time since 2005.

News Corp first invested in Sky Deutschland in 2008 and used its UK experience in order to boost subscribers, such as securing the rights to screen live Bundesliga football.


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