Liberty Media May Be Interested In BSkyB Stake
French media group Vivendi has held talks with Liberty Media chairman, John Malone, about selling its stake in BSkyB to the US company, the Sunday Times reported at the weekend. Although no sources were given, the paper claimed that Malone flew to Paris to discuss a possible purchase of the 22.7% stake in the satellite broadcaster.
Vivendi has withdrawn its place on the BSkyB board ahead of moves to dispose of its interest in BSkyB. It is thought that Vivendi is seeking an equity swap of some sort rather than an outright sale, so as not to depress BSkyB’s share price.
