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OFT waves through Sky's Virgin TV slurp

Final final clearance

Internet Security Threat Report 2014

BSkyB has received final clearance from the OFT for the acquisition of Living TV Group, which once upon a time was called Virgin Media Television.

Sky now owns LIVING, LIVINGit, Challenge, Challenge Jackpot, Bravo, Bravo 2 and Virgin1, which will be renamed in due course.

Sky is to stump up £55 million to Virgin Media to finalise the acquisition. It has already paid VM £105m.

The disposal will let Virgin Media concentrate on its bid to become a pure play telecoms company.

Admittedly, it also own a half share - with the BBC - in UK TV, owner of 10 digital TV channels, including Dave and Gold, worth at least £350m and up for sale, according to the Sunday Times.

Internet Security Threat Report 2014

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