News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

BSkyB beats rebel shareholders

A slim majority of shareholders in BSkyB today voted in favour of a controversial share buyback scheme which will allow Rupert Murdoch's News Corporation to increase its stake in the satellite broadcaster without making a full takeover bid.

Investors controlling 50.5% of the shares eligible to vote backed the proposal, and 42.6% voted against it. Shareholders with 6.9% abstained.

WSJ Logo