OK, one last try here
Find me the ntl complaint to regulators complaining of Sky ruining their "bid" for ITV. You won't find it. What ntl have done is complain on two fronts to regulators:
1 - ntl have complained to regulators that under the Enterprise Act, Sky now has a material influence over ITV. So, ntl are saying this is stiffling competition under the Act.
2 - ntl is also complaining with support of many MPs, that by Sky having a large stake in ITV, this is not in the "public interest." As ITV is a public service broadcaster.
At no time, can ntl complain that Sky have ruined ntl's bid for ITV, because no such bid was made.
---------- Post added at 02:55 ---------- Previous post was at 02:49 ----------
I've just checked the city regs on this and because ntl made a
proposal for ITV, ntl can't make a proposal or bid for another six months. But..., that is still not a bid, it's not semantics! There is a big difference, hence that's why there has been no complaint from ntl about Sky ruining their chances of buying ITV.
I think this press release makes things clear, I hope
http://www.investegate.co.uk/Article...2060701113280N
---------- Post added at 03:53 ---------- Previous post was at 02:55 ----------
Quote:
Originally Posted by Mick
It's not about what I believe - its about logic. If you go to another company and make a proposal (A proposition, which is the same thing) and they have turned it down, in essence, you have still made an offer to them.
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Logic is normally good except when it comes to the law, then it's thrown out of the window
Talking of which and considering I'm half drunk and awake, I've dug up the law for you.
Go to page 65 onwards, requires java and acrobat reader. It explains all about the bid process:
http://www.thetakeoverpanel.org.uk/n.../DATA/code.pdf
Alternatively, call Virgin Media's or ITV's press office and ask them if a bid was ever made.