Jan 29 2008
Business secretary John Hutton today backed the Competition Commission’s decision stating that Sky must reduce its 17.9% stake to below 7.5%. The broadcaster this morning said it was considering its options but analysts believe it is likely to go to the Competition Appeal Tribunal. If that fails Sky may also be able to take the […]
Oct 30 2007
Virgin Media is insisting that Sky’s offer to give up some of its ITV shareholder voting rights does not go far enough in reducing any influence it may have over the broadcaster. Sky yesterday suggested putting three per cent of its voting rights in an independent trust. It comes after Competition Commission concern about the […]
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Jan 21 2010
Court tells Sky to reduce ITV stake
A court of appeal has ruled that Sky must reduce its 17.9% stake in ITV, with the satellite firm now expected to finally accept the decision. At a hearing today, three judges – Lord Justice Lloyd, Lord Justice Rix and Mr Justice McKay – threw out Sky’s latest appeal against a Competition Commission ruling that […]
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By Expat • UK Media News • Tags: ITV Stake, Sky