Sky Deutschland Sells Fewer Than Two-Thirds of Shares in Sale
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Sky Deutschland AG sold fewer than two-thirds of the shares it offered as part of a capital increase that raised the stake of Rupert Murdoch’s News Corp. in the German pay-television operator to 49.9 percent.
The company, based in Unterfoehring near Munich, sold about 169 million shares of the 270 million on offer at 1.05 euros apiece, it said yesterday in a statement published on DGAP. The sale raised 177.4 million euros ($241 million), the “first part” of measures that aim to generate at least 340 million euros.