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BSkyB claims 97.1 pct of 365 Media


Published : Tue, 30 Jan 2007 16:02
By : Agencies
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LONDON (AFX) - BSkyB said that the acquisition of 365 Media by its Sky Holdings unit has become unconditional in all respects as it now has acquired or received valid acceptances for 137.7 mln shares or about 97.1 pct of the company.

As per regulations, Sky said it is now compulsorily acquiring the remaining shares in the online betting and gaming company.

In December, Sky announced that it was buying the firm for 68 pence per share, valuing its fully diluted share capital at around 103 mln stg.

newsdesk@afxnews.com

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