Taconic Capital Advisors, the $7 billion-plus New York hedge fund, has taken a significant stake in Rupert Murdoch's buyout target, British Sky Broadcasting Group Plc (BSY.L), regulatory filings this week show. Murdoch's News Corp (NWSA.O) is seeking to buy the 61 percent of BSkyB it does not already own, and is waiting to hear from Britain's government if it will be able to avoid a full, six-month competition inquiry. [ID:nLDE7040N6] Taconic has bought more than 20.7 million shares in BSkyB, giving it a stake of about 1.1814 percent, the latest filing, made on Thursday, shows. At Thursday's closing price of 757.5 pence, the stake is worth about 156.86 million pounds ($254.3 million), according to Reuters calculations. Under British rules, any stake of more than 1 percent in a bid target has to be disclosed. This is only the second stake in BSkyB to be disclosed by a hedge fund manager, including stakes held by long-term shareholder Crispin Odey.
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