Reginal Thomas
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BSkyB To Disclose Multi-Billion Euro Deal On Friday


BSkyB, a British based pay-TV group, will unveil its new multi-billion euro deal to acquire Rupert Murdoch's assets in Italy and Germany, progressing a plan to create a pan-European giant with nearly 20 million customers. Under the terms of the deal BSkyB, which Murdoch already owns a 39% stake in, will buy all of Sky Italia and 57% of Sky Deutschland from 21st Century Fox; also owned by Murdoch who is trying to raise cash to buy TimeWarner. Analysts are expecting the deal to cost between 7 and 9 billion euros.