Bskyb Stake Sale Talk Lifts Shares in Itv ; Market Round-Up

Evening Standard - London › May 15, 2007

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Summary

SHARES of ITV came within a whisker of their years high today amid mounting speculation that BSkyB may be on the verge of selling its 18% stake in the broadcaster.

City speculators believe the Pounds 1 billion-plus stake may be sold to RTL Group and used as a springboard by the Luxembourg-based company for a full bid.

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Extract

Bskyb Stake Sale Talk Lifts Shares in Itv ; Market Round-Up

Such a move would also take the heat off BSkyB, 39% owned by Rupert Murdochs News Corporation, which faces a probe into the purchase of its ITV stake by the Competition C...

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