Leading brokers have urged investors to buy BSkyB as shares in the broadcaster fell 18% and News Corporation withdrew its bid for the firm.
Rupert Murdoch’s News Corp last week bowed to calls to cancel its bid for the 61% of BSkyB it does not own. However, uncertainty remains over BSkyB's share price stability as investors wonder what will happen to News Corp's existing 39% stake in the firm. Johnathan Barrett, a media analyst at Singer Capital, suggested external pressure may force News Corp to sell its shares. “The way the political situation is evolving makes me think there is a possibility News Corp will be forced to sell out,” he said. Even without this pressure, other analysts suggest News Corp will not want...
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