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Last Updated: Wednesday, 22 August 2007, 13:35 GMT 14:35 UK
Sky extends Amstrad buyout offer
Sky + box made by Amstrad
Watchdogs are examining the takeover deal
Broadcaster BSkyB has extended its takeover deadline for television set-top box maker Amstrad by two weeks.

Sky said its �125m ($248.3m) offer would now close on 4 September, after revealing it had received acceptances for almost 86% of Amstrad's stock.

UK watchdogs are now scrutinising the deal to see whether competition in the TV technology market will be affected.

The two already have close links, with Amstrad supplying about 30% of Sky's pay-TV set-top boxes last year.

By buying Amstrad, a computer and electronic hardware firm, Sky would be getting its hands on an in-house capability to design and develop products vital to its customers.

Sky is the largest pay-TV operator in the UK, with more than 8.6 million subscribers.




SEE ALSO
Watchdog probes Sky-Amstrad deal
09 Aug 07 |  Business
BSkyB agrees �125m Amstrad deal
31 Jul 07 |  Business
Broadband launch hits Sky profits
27 Jul 07 |  Business
BSkyB sees rise in user numbers
11 Jul 07 |  Business
News focus over BSkyB-ITV probe
09 Jul 07 |  Business

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