BSkyB share price down 7% after £3bn football deal

Fears that media giants BSkyB and BT overpaid in their £3bn (€3.7bn) Premier League deal sent shares in the pair sharply lower today.

BSkyB share price down 7% after £3bn football deal
Thu, 14 Jun, 2012 - 10:46

Fears that media giants BSkyB and BT overpaid in their £3bn (€3.7bn) Premier League deal sent shares in the pair sharply lower today.

The eye-watering price was much higher than the City had expected and represents a 70% hike on the current partnership with Sky and ESPN.

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CourtsBusinessHeathrowPerson: Steve LiechtiPerson: Richard ScudamoreEvent: Premier LeagueOrganisation: BSkyBOrganisation: BTOrganisation: SkyOrganisation: ESPNOrganisation: CitigroupOrganisation: Manchester CityOrganisation: BT.Organisation: BT Vision
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