As leading shares fell to their lowest level for two-and-a-half years yesterday, ITV bucked the trend on speculation that the UK's largest commercial broadcaster is back in the sights of a predator. Traders believe the Competition Appeal Tribunal will next week release its long awaited ruling on whether BSkyB must sell its 17.9% stake in ITV, following the Competition Commission and secretary of state's decision that it cannot hold more than 7.5%. They believe that the satellite broadcaster has been talking with potential buyers of the stake who want it as a springboard for a full bid for the business. Several private equity companies are understood to have already sounded out Sky while the Italian press said yesterday that Mediaset, controlled by Silvio Berlusconi, is interested. Germany's RTL, which owns Five in the UK, and...
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