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Sky shares soar after online announcement

Matthew Broersma ZDNet.co.uk

Published: 09 Feb 2000 17:30 GMT

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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.

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

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