BSkyB Buys Electronic Goods Maker Amstrad For $254 Million
With one hand, the satellite-TV giant BSkyB is fending off regulatory inquiries into its market dominance; but with the other, it is signing some major deals that are furthering its advances into the content value chain. It is now buying U.K. electronic goods maker Amstrad for £125 million ($254 million). Amstrad supplies BSkyB with around 30 percent of its set-top boxes; conversely, the satellite operator accounts for some 75 percent of Amstrad’s business overall. The Amstrad buy will provide Sky with “an in-house design and development capability, which Sky believes will deliver significant operational and financial benefits and enable the Sky Group,” according to the announcement. Amstrad produces a range of devices in addition to set-top boxes, including multimedia phones, so keep an eye on this to see what BSkyB may have up its sleeve.
Posted In: Gadgets, Companies, News Corp.
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