UK COMPETITION COMMISSION SUBMITS FINAL REPORT ON BSKYB’S ITV STAKE
December 16th 2007 03:25
The UK Competition Commission submitted its final report on BSkyB's 17.9 percent stake in ITV to the government last week.
The Guardian reported that the watchdog did not reveal the details of its recommendations, which are expected to suggest that the satellite group reduces the size of its shareholding.
John Hutton, the minister for business, enterprise and regulatory reform, now has 30 days in which to make a decision about what should happen.
In its provisional report in October, the commission found that Sky's share purchase was anti-competitive and set out potential remedies including the sale of part or the entire stake.
- From MediaBlab
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