British Sky Broadcasting Group plc ('BSkyB') announces that BSkyB Home Shopping Limited (a wholly owned subsidiary of BSkyB) has sold its 20% shareholding in QVC (UK), operator of QVC - The Shopping Channel, to a wholly owned subsidiary of QVC, Inc. (also previously the ultimate holder of the remaining 80% shareholding in QVC (UK)) for cash consideration of approximately £49 million (which has been received by BSkyB). The sale will lead to a profit on disposal of approximately £49 million which will be recorded as an exceptional, non-operating item in BSkyB's third quarter results.

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