Vivendi’s sale of its 22.7% stake in BSkyB, part of the package of measures designed to appease the EC [WAMN: 16-Oct-00], must take place within two years.

Vivendi may, if the EU approve, seek to fold its stake into NewsCorp’s consolidated satellite interests Sky Global. BSkyB yesterday announced it would hold discussions with the French firm as to the disposal of the stake.

News source: The Times (London)