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Technology Stocks : C-Cube

CUBE 35.67

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To: Don Dorsey who wrote (41160)	5/16/1999 2:15:00 PM
From: John Rieman	Read Replies (1) of 50808

Canal Plus might get bigger........................... newsalert.com May 16, 1999 09:36 BSkyB/Canal Plus merger talks to reopen-paper Jump to first matched term LONDON, May 16 (Reuters) - Merger talks between British pay-TV giant BSkyB and its French counterpart Canal Plus are set to reopen as part of a rethink by media tycoon Rupert Murdoch about his involvement in European multi-channel TV, the Observer newspaper said on Sunday. A spokesman for BSkyB declined to comment on the story. The Observer said Murdoch's News International may seek to reduce or sell its 40 percent stake in BSkyB even if regulators block a merger with Canal Plus. The paper said moves to resume the merger talks followed the appointment on Friday of Tony Ball as chief executive at BSkyB. When the talks stalled in March, the key issue was over who should control the merged group. Murdoch is believed to have offered the job to Canal Plus's Chief Executive Pierre Lescure, which caused a row with the then BSkyB chief Mark Booth and led to Booth's departure, the paper said

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