Murdoch Ready to Shrug Off Rebellion

Summary


SHAREHOLDERS are expected to beat off a revolt and back the board of BSkyB this week over the satellite broadcaster's controversial share buyback plan.

Sky wants to take back up to five per cent of its shares. But the plan sparked opposition because it boosts major shareholder News Corp's stake from 37 per cent to more than 39 per cent.

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Murdoch Ready to Shrug Off Rebellion

Sky also wants shareholders to exempt News Corp, whose chair...

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