Roku, Inc. announced that it has received $1.90 million in equity funding from existing investor British Sky Broadcasting Group plc on May 9, 2013.

British Sky Broadcasting Group plc (LSE:BSY) signed an agreement to acquire Telefónica UK Limited from Telefónica Europe Plc for £200 million in cash on March 1, 2013. The consideration includes £20 million, payable upon the successful delivery and completion of the customer migration process by Telefónica UK. The acquisition will be funded from existing cash reserves. Post completion, O2 and BE customers will be migrated onto Sky's fully unbundled network, supported ... by a nationwide all-fibre core. The deal is subject to regulatory approvals and is expected to be completed by April 2013. The transaction is expected to be accretive to earnings per share in the second full year of ownership. As of March 19, 2013, it was announced that the Office of Fair Trading is considering any competition issues that might arise as a result of the merger. As on March 25, 2013, the transaction was approved by the Office of Fair Trading. Herbert Smith Freehills LLP acted as legal advisor for British Sky Broadcasting.
Read More

Manchester United plc (NYSE:MANU) acquired remaining 33.33% stake in Manchester United Television Ltd. from British Sky Broadcasting Group plc (LSE:BSY) on January 22, 2013.

Sponsored Financial Commentaries

To contact BRITISH SKY BROADCASTING GRO, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.