BSkyB Loses Appeal Over ITV Stake

[NewsreadeR]

BSkyB, which owns Sky News, has lost its appeal to keep hold of its 17.9% stake in fellow broadcaster ITV, the Competition Appeal Tribunal has ruled.

BSkyB had challenged a ruling by the Competition Commission that it had to reduce the stake to below 7.5%.

BSkyB bought the stake in 2006 for £940m, or 135p a share.

BSkyB Loses Appeal Over ITV Stake | Business | Sky News

[Brian69]

Bit of a shame But they kept ITV out of virgins hands and thats the important bit, even through they may make a loss on selling. Still I'm sure there are a few more huddles to jump before they have to sell