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March 3, 2010

HP to pay BSkyB another £70 million

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by David Allen

The satellite broadcaster BSkyB may have lost almost £350 million on the ITV share deal, but the company was soon £200 million better off following a court decision over the long running ERP software case.

Now it seems that because the case lingered on for so long, BSkyB is entitled to a little more, in fact £70 million more, of which £40 million will be interest.

It is HP that will be picking up the bill for the failed software installation, as it now owns the ERP.

It is believed that HP is likely to appeal against the £270 million payment.

However, sources are suggesting that judge Vivian Ramsey, who sat for nine months though the court case and was a further eighteen months coming to the decision, will not allow an appeal.

Story link: HP to pay BSkyB another £70 million


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