Eurocardsharing

Go Back   Eurocardsharing > General Discussions > General Satellite News > Latest Satellite News

Latest Satellite News Discussion, Info BSkyB ordered to reduce ITV stake at General Satellite News forum; BSkyB ordered to reduce ITV stake After much anticipation BSkyB has been ordered to sell down its stake in ITV ...

Reply
 
LinkBack Thread Tools Display Modes
Info BSkyB ordered to reduce ITV stake
Old
  (#1)
Bacteria
Administrator
 
Bacteria's Avatar
 
Offline
Posts: 96,015

Level: 124 [♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥]
Life: 4638 / 4638
Magic: 32005 / 100919
Experience: 68%

Thanks: 1,107
Thanked 5,578 Times in 1,419 Posts
Join Date: Oct 2006
Age: 36
Info BSkyB ordered to reduce ITV stake - 01-October-2008, 12:10

BSkyB ordered to reduce ITV stake

After much anticipation BSkyB has been ordered to sell down its stake in ITV plc to below 7.5% following a ruling by the Competition Appeal Tribunal. Further legal hearings scheduled for next month may require BSkyB may require additional divestments because of the Tribunals ruling that the Competition Commission may have incorrectly interpreted the rules on media plurality.

BSkyBs 940 million purchase in 2006 effectively blocked a bid for the UK Channel 3-licence holder by rival NTL prior to the cablenet re-emerging as Virgin Media. The holding has subsequently fallen in value to less than 300 million and earlier this month ITV dropped out of the FTSE 100 share index.
   
Reply With Quote
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Forum Jump



ECS on RSS ECS on Twitter ECS on Facebook ECS on Youtube
Follow us on:

Powered by vBulletin
Copyright 2002 - 2010, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.
Dreambox