2011/07/13

126-News Corp abandons BSkyB bid

News Corp abandons BSkyB bid

Rupert Murdoch has withdrawn News Corp’s planned bid to take full control of British Sky Broadcasting, after the company admitted that intense political pressure made the deal “too difficult”.
The decision, announced on Wednesday, means the phone hacking scandal has forced Mr Murdoch not only to close his most widely read British newspaper, the News of the World, but also to curtail his ambitions to consolidate his pay-television empire in Europe...............................

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