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SKY Network Television ( (SYKWF) ) has issued an update.
Sky Network Television has announced the acquisition of Discovery NZ Limited from Warner Bros. Discovery, Inc., set to complete on August 1, 2025. This acquisition is expected to diversify Sky’s revenue streams, particularly in advertising and digital, and enhance its market position with the addition of the ThreeNow BVOD platform. The deal is structured to ensure positive cash flow from the first year and promises sustainable EBITDA growth by FY28. The acquisition aligns with Sky’s growth strategy, providing transformative scale in advertising and digital, and is seen as a strategic fit that will maximize content investment returns.
More about SKY Network Television
Sky Network Television, based in New Zealand, operates in the media industry, offering a range of television services including broadcast, streaming, and digital platforms. The company focuses on delivering engaging content and has a significant presence in the advertising and digital sectors.
Find detailed analytics on SYKWF stock on TipRanks’ Stock Analysis page.