Let E′ be a subfield of N′ containing K′. There exists a unique subfield E of N containing K and such that E′=K′(E). We have E=E′∩N.
Put E=E′∩N, then E′⊃K′(E). Now put Γ=Gal(N/K) and A=Gal(N/E), and define Γ′ and A′ similarly. The mapping A:a↦a∣N is an isomorphism of Γ′ onto Γ and also of A′ onto A; in other words, A′ consists of those σ∈Γ′ for which λ(σ) belongs to A. If σ∈Γ′ leaves the elements of K′(E) fixed, we have λ(σ)∈A, whence a∈A′ and a leaves the elements of E′ fixed; by Cor. 1 of V, p. 68 we thus have K′(E)⊃E′.
We have proved the equality E′=K′(E), whence φ−1(E′)=K′⊗KE. If F is a subfield of N containing K and such that E′=K′(F), we have likewise φ−1(E′)=K′⊗KF, whence F=E.
Bourbaki puts the proof directly after the statement, so what is above is the statement and its proof together.