{"id":85476,"date":"2011-01-27T23:19:40","date_gmt":"2011-01-27T15:19:40","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/news-corp-s-sky-deutschland-raises-225-million-bskyb-acquisition-likely-headed-for-review\/"},"modified":"2011-01-27T23:19:40","modified_gmt":"2011-01-27T15:19:40","slug":"news-corp-s-sky-deutschland-raises-225-million-bskyb-acquisition-likely-headed-for-review","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/news-corp-s-sky-deutschland-raises-225-million-bskyb-acquisition-likely-headed-for-review\/","title":{"rendered":"News Corp.\u2019s Sky Deutschland Raises $225 Million; BSkyB Acquisition Likely Headed for Review"},"content":{"rendered":"

[01-26-11] Sky Deutschland <\/strong>has raised approximately 165 million euros ($225.08 million) in financing as part of an effort to kick-start 2011 as a turnaround year, the satellite broadcaster announced Jan 26.
\n    The bond, issued by News Adelaide Holdings<\/strong>, can be converted into 53 million registered shares stemming from contingent capital. With the placement of the convertible bond, together with the gross proceeds from a rights offering Sky Deutschland completed in September, the company has raised a total of 342 million euros ($466.54 million), ensuring gross proceeds of at least 340 million euros ($463.81 million) by the end of January, the company said.
\n    The Sky Deutschland financing comes as a positive development for its 50 percent stakeholder News Corp<\/strong>., following U.K. Culture Secretary Jeremy Hunt\u2019s Jan. 20 announcement that his agency will likely refer its bid to take control of BSkyB<\/strong> to the U.K. Competition Commission<\/strong>. Late last year, U.K. communications regulator Ofcom submitted a report exploring public interest issues relating to News Corp.\u2019s proposed BSkyB acquisition to the culture secretary.
\n    \u201cWe continue to believe that our proposed acquisition of the shares in BSkyB we do not own will not lead to there being insufficient plurality in news provision in the United Kingdom,\u201d News Corp. said in a statement issued Jan. 25. \u201cThis company has put forward extensive and detailed evidence that the level of plurality in the United Kingdom has increased since 2003 \u2013 when the Communications Act was enacted \u2013 and since the ITV plurality review in 2007, when no concerns were found about the sufficiency of plurality.\u201d
\n    In a research report, Credit Suisse<\/strong> Analyst Nick Bertolotti said that political considerations are likely to play some part in Hunt\u2019s decision on whether or not to refer the bid to the competition commission. \u201cWe believe Hunt is likely to consider how his decision will be perceived in Parliament, the media and with voters. If this is the case, on balance, we believe that after considering the proposed undertakings in some detail, it remains most likely that Hunt will accept the recommendation by Ofcom that the deal is referred for a full CC review. The clock on that process \u2013 24 weeks, extendable by up to 8 weeks \u2013 will start ticking when this latest phase is complete,\u201d Bertolotti said.
\n    Separately, Sky Deutschland announced it has launched Common Interface Plus (CI+) modules based on the NDS<\/strong>\u2019 VideoGuard Conditional Access (CA) system. CI+ aims to allow manufacturers to launch a range of devices such as integrated digital TV sets and set-top boxes that provide access to Sky\u2019s premium TV programming. The modules support all Sky programming and will be supplied in cooperation with select device manufacturers, the company said.<\/p>\n

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[01-26-11] Sky Deutschland has raised approximately 165 million euros ($225.08 million) in financing as part of an effort to kick-start 2011 as a turnaround year, the satellite broadcaster announced Jan 26.     The bond, issued by News Adelaide Holdings, can be converted into 53 million registered shares stemming from contingent capital. With the placement of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-85476","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/85476"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=85476"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/85476\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=85476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=85476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=85476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}