Rupert Murdoch, is reported to have said that shares in BSkyB had been heavily overvalued. In the last few weeks, shares in the company, in which Murdoch has a 40% stake, have fallen from over 600p to 440p. In response to this, Murdoch was reported to have stated: “I cannot understand the fuss. BSkyB was grossly overpriced.”
Other shareholders are said to be furious at Murdoch’s off-the-cuff comment which effectively talked down the share-price; the share’s fell 9.5p today to 430p.
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