Silver Point looking to buy BSkyB
| July 21st, 2008 | ||
| Silver Point, the hedge fund set up by Goldman Sachs alumni Edward Mule and Robert O'Shea, has made a bid to buy BSkyB's 17.9% stake in ITV. ITV is a public service network of British commercial television broadcasters. BSkyB will learn shortly whether it or not it will be forced to cut its stake in ITV to 7.5% due to meet requirements from the Competition Commission. BSkyB is a company that operates Sky Digital, a subscription television service in the UK and the Republic of Ireland. | ||
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