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Sky sells 10.4% stake in ITV for GBP 196 mln (Digital Media Europe)
Posted on February 9, 2010
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(Telecompaper) British Sky Broadcasting Group has sold 404.3 million ITV shares, or 10.4 percent of ITV, in accordance with Sky’s agreement with the Secretary of State for Business, Innovation and Skills. Sky placed the shares with Morgan Stanley Securities at GBP 48.50 per ITV share, representing a total of GBP 196 million. Sky intends to retain its residual 7.5 percent stake in ITV for the …
Source:Sky sells 10.4% stake in ITV for GBP 196 mln (Digital Media Europe)
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