Rupert Murdoch

Australian-American business magnate

Rupert Murdoch

Australian-American business magnate

MURDOCH EMPIRE TAKES A HIT: News Corp Abandons Bid for BSkyB Amid Phone Hacking Scandal

Permalink bbc.co.uk
News Corp withdraws bid for BSkyB - BBC News channel4.com
News Corp withdraws BSkyB bid - Channel 4 News - All 4 en.wikipedia.org
Attempted acquisition of BSkyB by News Corporation ft.com
News Corp abandons BSkyB bid - Financial Times reuters.com
Hacking scandal hits News Corp bid for BSkyB | Reuters
  • Wednesday, 13 July 2011

News Corp announced it was withdrawing its bid to take full ownership of BSkyB due to the phone hacking scandal at News Corp's UK newspaper group. The decision came just before MPs debated a motion calling on Rupert Murdoch to scrap the bid, which was approved without a vote. As a result, BSkyB's share price briefly dropped 4% before recovering to close 2% up.

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