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London - Britain's BSkyB has agreed to pay around £4.9bn ($8.3bn) to buy Rupert Murdoch's pay-TV assets in Germany and Italy, responding to the slowing growth at home with a deal to create a European powerhouse.
It will pay for the deal with cash, debt and by a placing of shares that represents around 10% of the firm's issued share capital.
BSkyB said under the deal with Murdoch's 21st Century Fox, it would pay £2.45bn for Sky Italia and £2.9bn for Fox's 57% stake in Sky Deutschland to create a combined group with nearly 20 million customers.
The payment for Sky Italia will be made up of cash and BSkyB's stake in the National Geographic Channel.
It will pay for the deal with cash, debt and by a placing of shares that represents around 10% of the firm's issued share capital.
BSkyB said under the deal with Murdoch's 21st Century Fox, it would pay £2.45bn for Sky Italia and £2.9bn for Fox's 57% stake in Sky Deutschland to create a combined group with nearly 20 million customers.
The payment for Sky Italia will be made up of cash and BSkyB's stake in the National Geographic Channel.
