In the context of the input sentence, determine the relationship between 'Sky Italia' and 'Sky'.
Options: director/manager, subsidiary, employer, owned by

On November 12, 2014, Twenty-First Century Fox completed the sale of Sky Italia and its 57% interest in Sky Deutschland to British Sky Broadcasting Group plc, which was subsequently renamed Sky plc ("Sky") (See Note 3 - Acquisitions, Disposals and Other Transactions to the accompanying Consolidated Financial Statements of Twenty-First Century Fox).
owned by