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Message started by cromwell on Sep 30th, 2008, 6:43pm

Title: Sell ITV stake, BSkyB told
Post by cromwell on Sep 30th, 2008, 6:43pm

As expected, BSkyB has been ordered to sell down much of its 17.9% stake in UK commercial broadcaster ITV. Britain’s Competition Appeal Tribunal handed down the decision late on Sept 29. However, it may be that BSkyB will further appeal the decision.

Sky is already some £650m ($1.17bn) down on its November 2006 decision to buy the stake, paying £940m for its holding, and thus thwart Virgin Media from buying a stake in ITV. While this legal action has been running Virgin has been stymied from moving on ITV.

As this is written it is understood that Sky has been given six months to dispose of its stake, but a further appeal could halt that timetable.

Title: Re: Sell ITV stake, BSkyB told
Post by Steve on Sep 30th, 2008, 7:04pm

Based on the current market situation i reckon we could buy ITV for £10?

Anyone want the rights to Family Fortunes?! ;D

Title: Re: Sell ITV stake, BSkyB told
Post by Termy on Oct 1st, 2008, 1:33am


Steve wrote:
Based on the current market situation i reckon we could buy ITV for £10?

Anyone want the rights to Family Fortunes?! ;D

I will chuck a fiver in.... but only if you keep the rights for Familly Fortunes and that bloody X-Factor. :D :D

Title: Re: Sell ITV stake, BSkyB told
Post by haga on Oct 1st, 2008, 2:14pm

I think we should have a whip round here and have a go at running it ourselves, how hard can it be,

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