OFT welcomes reference of BSKYB's acquisition of stake in ITV to the Competition Commission.

M2 Presswire, May, 2007

M2 PRESSWIRE-24 May 2007-UK Government: OFT welcomes reference of BSKYB's acquisition of stake in ITV to the Competition Commission(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:24052007 The OFT welcomes the Secretary of State's announcement today of his decision to refer the completed acquisition by British Sky Broadcasting Group plc (BSkyB) of a 17.9 per cent stake in ITV plc (ITV) to the Competition Commission.

The OFT submitted its report to the Secretary of State on 27 April 2007, (see PN68/07) which concluded that the test for a merger reference to the Competition Commission had ...