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UK Court OKs BSkyB Appeal Of ITV Divestiture Order

Law360 (March 20, 2009, 12:00 AM EDT) -- A British appeals court agreed Friday to hear an appeal from British Sky Broadcasting Group PLC in its bid to overturn a decision that would force the media giant to slash its nearly 18 percent stake in television station ITV PLC, more than three months after the country's competition tribunal rejected the broadcaster's second appeal.

The U.K. Court of Appeal granted BSkyB permission to appeal a September ruling by the Competition Appeal Tribunal, according to the company, which added that the court would schedule a hearing...
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