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Sky Raises £400m for Possible Broadband Acquisition

Sky Raises £400m for Possible Broadband Acquisition

BSkyB (Sky Broadband) has raised a ten-year £400m ($600m) bond issue with institutional investors, which will be used to help fund refinancing of debt and any possible future acquisitions.

The news follows confirmation earlier this month that Sky is actively involved with talks to acquire Tiscali's UK business, which has been valued at a probably not unrelated £450m price point (original news).

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