Home & Office

Sky shares soar after online announcement

Market digs Sky's plan to invest millions to build its online brands
Written by Matthew Broersma, Contributor on

British Sky Broadcasting (quote: BSY) shares soared nearly 300 points after it announced its plan to sink £250m into the Internet and pursue ADSL and mobile-phone deals.

BSkyB shares closed at 1,910p, up 299.5 on the London exchange. Sky, 40 percent owned by Rupert Murdoch's News Corp., announced its Internet strategy Wednesday.

More details to follow.

What do you think? Tell the Mailroom. And read what others have said.

See techTrader for more technology investment news, plus quotes and research.

Editorial standards