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Sell ITV stake, BSkyB told (Read 1820 times)
cromwell
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Sell ITV stake, BSkyB told
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. Britainís 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.
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Don't steal The government hates competition
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Steve
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Re: Sell ITV stake, BSkyB told
Reply #1 - 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?! Grin
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'Action is eloquence.' - William Shakespeare
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Termy
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Re: Sell ITV stake, BSkyB told
Reply #2 - Oct 1st, 2008, 1:33am
 
Quote from 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?! Grin

I will chuck a fiver in.... but only if you keep the rights for Familly Fortunes and that bloody X-Factor. Cheesy Cheesy
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haga
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Re: Sell ITV stake, BSkyB told
Reply #3 - 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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