Utilize the input text as a context reference, choose the right relationship between Sky Italia and Sky from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

The firm's recent acquisition of Sky Italia and Sky Deutschland could generate further growth using the formula that's been so successful in the UK.

Answer: owned_by