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Q1 Labs creates 50 cyber warfare jobs in Belfast
17.03.2010 Q1 Labs Ltd., a global developer of security intelligence solutions headquartered in the US, is to establish its European, Middle East and Africa (EMEA) headquarters in Belfast, creating 50 high quality jobs. more...
Aer Lingus invests in web content management system
17.03.2010 TerminalFour has landed a major contract with Aer Lingus to deploy the web content management system for the airliner’s new website. more...
New Media
BSkyB sells 10pc stake in ITV to meet competition requirements
09.02.2010
Satellite broadcaster and broadband provider BSkyB is selling a 10.4pc stake in ITV for an estimated stg£200 million in a move that will end a long-running legal battle over its investment in the commercial broadcaster.
BSkyB had bought a 17.9pc stake in ITV in 2006 for stg£940 million in a move that blocked NTL, now Virgin Media, from buying ITV.
Morgan Stanley has acted as sole bookrunner in the placement which will cut BSkyB’s stake in ITV to less than 7.5pc in keeping with requirements from the competition authorities.
UK entrepreneur Richard Branson accused Rupert Murdoch’s media empire of being a threat to democracy while politicians also questions BSkyB’s stake in ITV.
The UK Competition Commission ordered BSkyB to cut its stake to less than 7.5pc.
By John Kennedy
Photo: Media mogul Rupert Murdoch
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