Regulator Says BSkyB Stake In ITV Anti-Competitive

Law360, New York (October 2, 2007, 12:00 AM EDT) -- Rupert Murdoch-owned British Sky Broadcasting Group Plc may have to sell its 17.9% stake in independent television company ITV Plc, after the United Kingdom's antitrust regulator ruled Tuesday that the holding restricted competition and was against the public interest.

The Competition Commission said Tuesday that its provisional findings report concluded that BSkyB's shareholding in ITV would likely lead to a substantial lessening of competition by giving the Murdoch outfit the ability to influence ITV's strategy.

“The acquisition has made BSkyB ITV’s largest shareholder by some margin...
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