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News Corp To Grab Control Of Sky Deutschland AG-Reuters


Monday, 14 Jan 2013 12:09pm EST 

Reuters reported that News Corp tightened its grip on Sky Deutschland AG on Monday, saying it would raise its stake in the German pay-TV company to 54.5% from just under half in a capital increase. The move comes as media conglomerate News Corp separates its publishing and entertainment assets into two publicly traded companies following shareholder pressure to sell its troubled newspaper business and put a greater focus on the faster-growing TV companies. Financial terms of the deal were not disclosed.