Murdoch withdraws Sky News offer

Rupert Murdoch’s News Corp vowed to fight on in its battle for BSkyB today amid further falls for the satellite broadcaster’s shares.

Murdoch withdraws Sky News offer
Mon, 11 Jul, 2011 - 17:20

Rupert Murdoch’s News Corp vowed to fight on in its battle for BSkyB today amid further falls for the satellite broadcaster’s shares.

The company has withdrawn its offer to hive off Sky News as a separate company as part of its approach for BSkyB and said it was now ready to engage with the Competition Commission instead.

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