BSkyB shares fall further

Shares in BSkyB fell sharply again today after it emerged that British Culture Secretary Jeremy Hunt is to write to Ofcom for advice on News Corporation’s proposed takeover of the satellite broadcaster.

The shares dropped more than 6% to around 700p, in line with the price that Rupert Murdoch’s company originally proposed last July when it first revealed its interest in bidding for the outstanding 61% of BSkyB.