BSkyB is to be given more time by the Competition Commission to appeal against a government decision on whether it has to dispose of its 17.9% stake in ITV.
The ruling will be published by the Department for Business and Enterprise on January 29.
In December, the Competition Commission recommended that Sky reduce its stake in the broadcaster from 17.9% to under 5% (see Sky To Be Forced To Reduce ITV Stake).
Sky paid £940 million for the 17.9% stake in November 2006 and since then the shares have fallen, which means that the satellite broadcaster could be set to lose hundreds of millions if forced to sell.
Sky acquired its stake in ITV in November 2006 (see ITV Share Price Falls After BSkyB Acquires Stake) in what some saw as an attempt to stop Virgin Media buying ITV, although Sky has denied this.
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