Sky TV licenses cloud technology for move beyond decoders.
"Sky are AWOL on three major issues at the moment - delivery, content and price. This looks like it will address the delivery issue, but let's see what happens with the other two"
The shares fell as low as $2.58, the lowest since January 1999.
"Don't forget rugby is growing rapidly in the US and Amazon could be eying this, as well as the British Isles market"