Sky to Sell ITV Shares

Sky, the British satellite company, bought almost a fifth of ITV shares at the end of 2006. By doing so it managed to stop a merge between its rival and the cable TV company now part of Virgin.

The High Court has now ruled that Sky must sell the ITV shares it owns. This may cause a loss for Sky as ITV shares have since fallen.

Source: Working Lunch, BBC. (21-01-2010)

Sky to Sell ITV Shares