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BSkyB says in talks to create pan-European pay TV giant

British pay-TV group BSkyB is in talks to buy 21st Century Fox's interests in Sky Deutschland and Sky Italia to create a pan-European television giant, it said on Monday.

LONDON: British pay-TV group BSkyB is in talks to buy 21st Century Fox's interests in Sky Deutschland and Sky Italia to create a pan-European television giant, it said on Monday.

BSkyB, which is 39-percent owned by Rupert Murdoch's 21st Century Fox, said it had "initiated preliminary discussions" with the group "to evaluate the potential acquisition of its pay-TV assets in Germany and Italy".

It added in a statement: "BSkyB believes at the right value, this combination would have the potential to create a world-class multinational pay TV group."

In a separate statement, a 21st Century Fox spokesperson said that while the company had carried out "numerous internal discussions regarding the organizational and ownership structure of the European Sky-branded satellite platforms... no agreement between the parties has ever been reached".

Shares in BSkyB slid 2.25 percent to 869.95 pence after the British pay-TV group made the statement.

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