The Week: City news - Virgin/Sky challenge ruling

Virgin Media and BSkyB have appealed against the Competition Commission's ruling that BSkyB must reduce its stake in ITV below 7.5 per cent.

Virgin is arguing that Sky should be forced to reduce its stake even further. Four days earlier, Sky announced it was appealing on the grounds that it was wrong to conclude there was a merger situation worth investigating and also wrong to force Sky to reduce its stake.

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