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BSkyB to splurge on the Net

Murdoch earmarks £200m for online investments
Written by Matthew Broersma, Contributor on

BSkyB (quote: BSY) is expected next week to announce more than £200m of investments in online projects, according to reports in the financial press.

The announcement, which will likely come with the company's latest figures next week, follows Internet investments by publishing conglomerate Pearson (quote: PSON) totalling £250m.

BSkyB has so far played a sideline role on the Net, focusing instead on its Open interactive television service. It recently took a £10m, 5.4 percent stake in sports site Sportal and is expected to launch other deals.

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