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Updated Wednesday, February 10, 2010 11:43 am TWN, Reuters

BSkyB is selling a 10.4% stake in ITV

LONDON -- British pay-TV group BSkyB is selling a 10.4 percent stake in commercial broadcaster ITV Plc for about 200 million pounds (US$312 million) to end a long-running legal battle over its investment. Morgan Stanley said on Monday it was acting as sole bookrunner in the placing, which will cut BSkyB's stake in its fellow British broadcaster to one vote below 7.5 percent, as required by competition authorities.
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