BSkyB Buys 17.9% Of ITV for £940m

November 18th, 2006 • Related • Filed Under

Seems like iTV was talking to BSkyB as well as ntl, as BSkyB yesterday bought 17.9% of ITV for £940m.  I think they’ve overpaid as ITV has been in the doldrums recently and I think things are only going to get worse, but BSkyB said that they believed that ITV had ’substantial potential for long-term’ value creation.

Only time will tell I guess.

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Everton is based in London and has worked in the internet and mobile space for over ten years now, and before that worked in corporate strategy and consulting. He has a degree in Economics from Cambridge University, and currently runs the Portal and online operations for one of the largest ISPs in the UK. He also writes for Windows 7 News.

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