The deal offers Sky Plc shareholders £10.75 per share in cash, less the value of any dividends subsequently paid by Sky, representing a 40% premium on the shares’ closing price as of Wednesday.
The UK's first subscription TV service recently announced plans to buy its Italian and German counterparts to create on the world's biggest pay-TV brands.
The UK’s largest pay-TV firm announced plans to enter the mobile sector after rival BT confirmed its intent to buy EE, a move which made it the biggest ‘quad play’ provider of broadband, mobile, TV and fixed-line phone services.
‘Watch from Start’ allows subscribers to watch films which have already begun right from the beginning by easily downloading the film with a single button press.
The deal means Sky Sports customers will be able to watch goals and match clips from the UEFA Champions League, UEFA Europa League, Barclays Premier League, Emirates FA Cup and Scottish Premiership on their phone or tablet.
Unlike some broadband contracts which with come with 18 or 24 month contracts, Sky’s free offer only requires customers to sign-up to a 12 month contract, meaning they can walk away as soon as the free period expires.