UK Appeals Court Orders BSkyB To Shrink ITV Stake

Law360, New York (January 21, 2010, 2:38 PM EST) -- A U.K. appellate court has upheld a decision by the nation's competition authority that forces television company British Sky Broadcasting Ltd. to give up part of its nearly 18 percent stake in ITV PLC because of antitrust concerns.

In an opinion written by Justice Timothy Lloyd, a three-judge panel of the England and Wales Court of Appeal ruled Thursday that the U.K.'s secretary of state had been right to order BSkyB to divest all but 7.5 percent of its stake in ITV based on findings by...
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