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#201551 - 29th Jan 2008 10:56am BSKYB Ordered To Sell ITV Shares
MattLFC Offline
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Registered: 14th Aug 2004
Posts: 22315
Loc: Moreton/Beirut/Mobile
Originally Posted By: BBC News
BSkyB must reduce its holding in ITV from the current level of 17.9% to below 7.5% and not take a seat on the ITV board, the government has ruled.

Business Secretary John Hutton accepted the findings of the Competition Commission's study into BSkyB's stake.

BSkyB has until Monday 25 February to lodge an appeal against the decision.

ITV said that it warmly welcomed the government's decision, while BSkyB said it would carefully consider the findings before deciding what to do.

Originally Posted By: Sky Set To Lose Hundred's Of Millions
On 17 November 2006, BSkyB announced that it had spent £940m buying 17.9% of ITV, but ITV's share price has fallen significantly since then.

BSkyB bought the shares for 135 pence each. They opened on Tuesday up 1p at 73p.

At current prices, BSkyB could lose about £250m from the Sale of the shares.

Mr Hutton has decided not to announce how long he is giving BSkyB to sell the shares.


How about the government stop wasting millions on the doomed Northern Rock, and give Sky back what they are set to lose?

WTF... if Virgin Media had bought ITV, not only would it then have become seriously unstable, they would have returned to the position they were in 7 years ago where ITV wouldnt broadcast on Sky Digital, thus ending ITV as a PSB, and they would have been liable to have been torn apart by any PE group that decides to buy Virgin Media...

Sky having share's in ITV help's towards to future of ITV as a company, Sky would'nt just let a massive asset die and lose million's over it, Virgin Media would as it's what they do best!!

I think this is absolutely bang out of order, and this government needs kicking out asap... Why the hell are the "competition commission" moaning at Sky for supposedly 17.9% being "unfair" when Virgin Media wanted 100% of the freaking company!!! Obviously the CC have been paid by Virgin Media!

mad mad

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#201574 - 29th Jan 2008 12:17pm Re: BSKYB Ordered To Sell ITV Shares [Re: MattLFC]
SoundLad Offline

Are you SoNutz?
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Registered: 22nd Aug 2007
Posts: 2987
Loc: Birkenhead, United Kingdom
Well i think the goverment are looking after Sir Richard Branson just to keep the queen happy cause hes one of her Knights.. Who frigging cares i hate virgin the whole company its just trying to buy everything and take over everything.. Its a waste of time and virgin need booting out 100% when they took sky off i blamed sky but know its 100% clear its virgin.. Cant wait for sky to be installed when i cancel virgin in feb. happy
Lee Mills


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