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>> BRITISH SKY BROADCASTING Latest News

DEC 04, 2014 - TheStreet

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CVC Capital Buys 80% of Sky's Online Gaming Business

The U.K.'s Sky plc, the pay-TV giant 39%-owned by 21st Century Fox Inc. , has agreed to sell 80% of its Sky Betting & Gaming business to CVC Capital Partners in a deal that values the online operation at £800 million ($1.25 billion). CVC said on Thursday, Dec. 4, that it will pay 15 times Ebitda for the year ended ...

Tags: CVC Capital Buys 80% of Sky's Online Gaming Business,  British Sky Broadcasting Latest News