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| Direct TV increases stake in Sky Brazil http://www.fta-n-more.net/forum/viewtopic.php?f=9&t=1562 |
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| Author: | The_Hatta [ Mon Dec 20, 2010 8:23 pm ] |
| Post subject: | Direct TV increases stake in Sky Brazil |
American pay-TV operator Direct TV has increased its stake in Sky Brazil to 93% in an operation valued at around $605 million. The operation was made through Direct TV Latin America and this money was paid to Globo Comunicaçâo et Participaçôes which had owned the satellite pay-TV platform in the past and still had an important stake in it. Direct TV has previously has a 74% stake in Sky Brazil and going forward, Globo , Brazil's leading broadcaster, will maintain a 7% share in the operator. According to the terms of the agreement Globo will continue to provide the platform with the programming according to pre-existing agreements between the two parties. Globo will be able to sell the rest of its stakes in the platform to Rupert Murdoch's pay-TV company in 2014. |
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