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Murdoch drops British Sky Broadcasting buyout

Global media mogul Rupert Murdoch has dropped his $14 billion bid to take control of British Sky Broadcasting (BSkyB), the network reported Wednesday morning. Word of the buyout cancellation comes shortly after British Prime Minister David Cameron announced that his government would investigate whether News Corporation properties engaged in an…

British and U.S. lawmakers pile pressure on Murdoch

British lawmakers geared up to deal a body blow Wednesday to Rupert Murdoch’s bid for pay-TV giant BSkyB, as the phone-hacking scandal rocking his media empire threatened to spill over to the United States. In a rare show of unity in parliament against the one-time kingmaker of British politics, the…

Murdoch in Britain as News of the World prints final edition

Britain’s News of the World was published for the last time on Sunday after the tabloid was axed amid the phone-hacking scandal, as its owner Rupert Murdoch flew in to take charge of managing the crisis. After 168 years of scoops and scandals, Britain’s top-selling weekly newspaper hit newsstands for…

Britain clears way for News Corp/BSkyB deal

LONDON – The British government Thursday cleared the way to approve News Corp’s bid to win control of broadcaster BSkyB after it agreed to spin off its Sky News operation to address competition concerns. The decision to allow the Rupert Murdoch-owned group to proceed sparked a furious response from rival…

Murdoch offers to sell Sky News channel: report

LONDON — Rupert Murdoch’s News Corp has offered to sell its Sky News TV channel to clear the way for the media giant’s proposed bid to gain full control of pay-TV giant BSkyB, the BBC reported on Wednesday. The sale of the rolling news channel is seen as a move…

British business minister in ‘war’ with Murdoch

Britain’s business minister said he had “declared war” on Rupert Murdoch and planned to block the media mogul’s efforts to take control of pay TV giant BSkyB, in remarks published Tuesday. Vince Cable, the Liberal Democrat business secretary in Britain’s coalition government, made the comments to undercover reporters from The…

News Corp. wins EU antitrust approval for controversial BSkyB deal

BRUSSELS — European regulators have cleared the controversial £7.8-billion takeover offer by Rupert Murdoch’s News Corp. for pay-TV giant BSkyB. The EU green light is purely concerned with competition issues, given the two companies have limited direct crossover. However the takeover remains subject to hot political debate given the highly…

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