BSkyB has bought out its three original partners in the British Interactive Broadcasting (BIB) business by issuing shares to the groups and so dissolving the partnership between them and Sky.
BT, HSBC and Matsushita were all partners in the BIB venture when it was developed towards the end of the 1990s, but their contract enabled them to sell back their stakes in the company in exchange for shares in Sky. BT has been issued with 20.8 million shares, worth over £120 million. HSBC received 12.8 million shares and Matsushita 9.6 million.
The exchanges give BSkyB full control of the BIB business, which is now run under the Sky Active banner.
Media Jobs
Hello. We have downloaded cookies on your device. Some of these cookies are essential for the website to function. Others are non-essential and are used for analytics and advertising.
We need your consent for these types of cookies.
To withdraw your consent or change your cookie choices, please do this through your browser settings.
Otherwise, click OK to accept and continue.
