Ruling today on BSkyB/ITV
- Published: 29 September 2008 09:45
- Author: Rob Shepherd
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- Last Updated: 29 September 2008 13:52
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The Competition Appeals Tribunal is set to rule today on what should happen to BSkyB's 17.9% stake in ITV.
If the tribunal upholds last year's ruling that the satellite giant holding allows it to influence ITV's strategy, it may trigger a bid for the UK's biggest commercial broadcaster.
In October last year, Sky offered to give up voting rights on part of its controversial stake in ITV.
It marked the first concession Sky had made since it purchased the £940m stake in November 2006.
Sky bought into ITV just as cable giant Virgin Media (then NTL) was lining up a takeover of the company. Sir Richard Branson, a major shareholder in Virgin Media, described the move as a "blatant blocking-tactic".
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