M&A Deal Summary

Sky Acquires Easynet

On October 21, 2005, Sky acquired communications company Easynet for 211M EUR

Acquisition Highlights
  • This is Sky’s 1st transaction in the Communications sector.
  • This is Sky’s 0th largest (disclosed) transaction.
  • This is Sky’s 1st transaction in the United Kingdom.
Investment Fate
  • Easynet was divested to a consortium of buyers in 2010 for 100M GBP.
  • Easynet was sold to a strategic buyer in 2013.
  • Easynet was divested to a consortium of strategic buyers in 2015 for 402M GBP.

M&A Deal Summary

Date 2005-10-21
Target Easynet
Sector Communications
Buyer(s) Sky
Deal Type Add-on Acquisition
Deal Value 211M EUR

Target

Easynet

London, United Kingdom
Easynet Ltd. is a telecommunications business that designs and manages data networks for large businesses as well as providing managed hosting and video conferencing solutions around the globe.

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Buyer(S) 1

Buyer

Sky

Isleworth, United Kingdom

Category Company
Founded 1988
Sector Media
Revenue 12.0B GBP (2016)
DESCRIPTION

Sky plc is an entertainment company together with its subsidiaries, operates as a home entertainment and communications company in the United Kingdom and Ireland. It retails television, broadband, and telephony services to residential customers, as well as commercial customers, such as offices, retail outlets, hotels, pubs, and clubs; and operates WiFi network across the UK and Europe that provides Internet access to WiFi enabled smartphones, laptops, and entertainment devices. Sky plc was established in 1988 and is headquartered in Isleworth, England.


DEAL STATS #
Overall 1 of 8
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 4
Country: United Kingdom M&A 1 of 6
Year: 2005 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-01 Easynet

London, United Kingdom

Easynet Ltd. is a telecommunications business that designs and manages data networks for large businesses as well as providing managed hosting and video conferencing solutions around the globe.

Sell £100M