BSkyB ITV Stake Sale Increases Sky Europe Deal Likelihood: HSBC
2014-07-18 07:23:20.373 GMT
By Blanche Gatt
July 18 (Bloomberg) -- BSkyB’s sale of 6.4% of its 7.5% ITV
stake to Liberty Global effectively removes ITV potential share
overhang, HSBC says in note.
* HSBC says stake sale increases probability of BSkyB moving
ahead with a potential Sky Europe deal
* Sale not a surprise, due to overhang issue
* Liberty Global as buyer is a surprise, given its recent
statements about seeking to expand in content
* BSkyB shares down as much as 0.6% today; ITV little changed
* NOTE yday: Liberty Global Acquires 6.4% Stake in ITV;
Doesn’t Plan Offer
* Yday: BSkyB’s Sale of ITV Stake Not Surprising, Espirito
Santo Says
* Yday: Time Warner Deal Could Mean Fox Sells BSkyB Stake:
Credit Suisse
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To contact the reporter on this story:
Blanche Gatt in London at +44-20-7392-0351 or
bgatt@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
2014-07-18 07:23:20.373 GMT
By Blanche Gatt
July 18 (Bloomberg) -- BSkyB’s sale of 6.4% of its 7.5% ITV
stake to Liberty Global effectively removes ITV potential share
overhang, HSBC says in note.
* HSBC says stake sale increases probability of BSkyB moving
ahead with a potential Sky Europe deal
* Sale not a surprise, due to overhang issue
* Liberty Global as buyer is a surprise, given its recent
statements about seeking to expand in content
* BSkyB shares down as much as 0.6% today; ITV little changed
* NOTE yday: Liberty Global Acquires 6.4% Stake in ITV;
Doesn’t Plan Offer
* Yday: BSkyB’s Sale of ITV Stake Not Surprising, Espirito
Santo Says
* Yday: Time Warner Deal Could Mean Fox Sells BSkyB Stake:
Credit Suisse
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Blanche Gatt in London at +44-20-7392-0351 or
bgatt@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net