BSkyB

AcronymDefinition
BSkyBBritish Sky Broadcasting
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BSkyB said it expected to settle the offer on 12 November.
Britain's BSkyB has agreed to pay $9 billion to buy the Rupert Murdoch's pay-TV companies in Germany and Italy, taking its hunt for growth into Europe by creating a media powerhouse with 20 million customers.
Murdoch's 21st Century Fox media conglomerate owns 39 percent of BSkyB.
The remainder will be covered through a stake in National Geographic Channel International, with BSkyB transferring its 21% interest, valued at GBP382m, to 21st Century Fox.
BSkyB, which is 39% owned by Rupert Murdoch's 21st Century Fox, confirmed that it is in the early stages of talks about buying the tycoon's interests in the two operations, which serve about 8.
BSkyB will be able to choose 20 matches first, leaving BT with first pick on the next 18.
Yet against the odds, BSkyB now boasts a comedy slate to be reckoned with.
LONDON: British pay-TV giant BSkyB announced Wednesday that net profits dipped in the first quarter of the group's financial year amid a "challenging" business environment.
Rupert Murdoch's News Corporation has withdrawn its bid for satellite broadcaster BSkyB following Ed Miliband and David Cameron's calls for the company to drop its plans.
5 billion bid for the shares in BSkyB it does not already own to the Competition Commission, the BBC said.
BSkyB reported that 32 percent of its customers now subscribe to its HD service.
The 700p-a-share approach for the 61% of BSkyB that NewsCorp does not currently own values the FTSE 100 Index company at around pounds 12bn.