BSkyB has made a formal offer to take full control of Sky Deutschland.
The pay-TV operator has filed a tender offer for the remaining 42.6% of shares that it does not own in its German sister company. It has offered €6.75 per share.
BSkyB has already acquired the 57.4% stake in Sky Deutschland owned by its parent company 21st Century Fox Television.
Having also bought Sky Italia outright, BSkyB will now form Sky Europe, a pan-regional pay-TV giant.
BSkyB’s formal offer for Sky Deutschland expires on 15 October 2014 and has been made via investment bank Morgan Stanley.
The broadcaster is currently waiting for clearance for the deal from the European Commission and German and Italian regulators and anticipates receiving approval by 11 September.
However no UK regulatory approval is required, meaning that the deal could potentially be finalised by the end of November.