Regulators Want Review Of BSkyB Deal

Law360, New York (April 27, 2007, 12:00 AM EDT) -- Two U.K. regulators said Friday that British Sky Broadcasting Group’s stake in ITV should be referred to the Competition Commission.

Both Ofcom and the Office of Fair Trading questioned BskyB’s 17.9% holding in ITV, a deal that has increasingly come under scrutiny.

“We have concluded that this partial ownership link between two key players raises significant competition concerns,” said John Fingleton, the chief executive of the OFT. “Sky's shareholding means that ITV is no longer fully independent, and this may alter the future competitive landscape, especially...
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