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Read this: Sky drops ITV court fight as it cuts stake -Business News, Business - The Independent

Summary: The Department for Business, Innovation and Skills announced yesterday that Sky had given formal commitments to sell the stake. Sky bought the whole stake in ITV for 940m in 2006, when the shares were valued at 130p. Morgan Stanley last night said it was acting as sole bookrunner to place 10.4 per cent of ITVs shares in the market at a price between 48.5p and 49.5p, which would raise about 200m. - link

Sky drops ITV court fight as it cuts sta…

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