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Granada May Sell BSkyB Stake

Granada May Sell BSkyB Stake

Rumours are circulating that Granada is about to sell its 11% stake in BSkyB. The move is said to be due to advice that Granada should take advantage of BSkyB’s strong market price while the going is good.

Initial reaction at 11:00am meant that BSkyB’s price dropped 8.5 to 571p while Granada’s rose 8 to 868p.

For a summary of the TV market’s share prices in the second half of 1996, subscribers should click Sharewatch Special – The TV Market.

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