Published: 1 September 2000 16:59 GMT
German media conglomerate Kirch-Gruppe has sold the last of its shares in UK satellite broadcaster BSkyB.
The loss of the influential shareholder caused BSkyB's shares to drop 70 pence to a three-month low of £10.78 yesterday.
Sky was putting a brave face on the news. A spokesman commented: "What happened yesterday drew a line under the summer of speculation about a potential Kirch sale."
KirchPayTV had owned a 3.4 per cent stake in BSkyB, following a deal in December 1999 between Leo Kirch and Sky's Rupert Murdoch.
BSkyB's value was slowly recovering at the time of writing.
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