Global media mogul Rupert Murdoch has dropped his $14 billion bid to take control of British Sky Broadcasting (BSkyB), the network reported Wednesday morning.
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.
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.
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.
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.
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.
