Odey takes largest ever stake in 'screaming buy' BSkyB


Crispin Odey has taken his stake in BSkyB to its "highest level" ever, according to Odey CEO David Stewart, as the broadcaster's share price continues to fall.

Stewart told Reuters the stock represents a "screaming buy" at between 750p and 770p, saying "we are happy to be shareholders in the company, it is not a news company, it is a technology company." Odey's €243m Pan European and €1.1bn Allegra International funds held 5.9% and 5.7% of their respective portfolios in BSkyB as of the end of May. BSkyB's shares closed at 750p on Friday after falling more than 7% on the day amid suggestions phone hacking allegations against News Corporation's News of the World would affect the media conglomerate's ability to push through its takeover of the ...

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