Virgin Media comments on BSkyB losing Court bid over ITV stake
# Jan 21, 07:18 PM by Mick
Just a short news piece. Earlier today we reported how BSkyB lost it’s court appeal on it’s bid attempt to block a forced 10.4% sale of it’s 17.9% stake in ITV, we approached Virgin Media and wondered what they had to say on the matter..
In a short statement, A Virgin Media spokesperson said;
“After three years of challenges by Sky, the Court of Appeal’s decision should now bring this matter to a close. The Court’s judgement reaffirms the prior rulings of the OFT, the Competition Commission and the Competition Appeal Tribunal that Sky’s 17.9% stake in ITV is anti-competitive. We hope Sky now reduces its stake in ITV without further delay.”