News Corporation withdraws bid for BSkyB

Rupert Murdoch's News Corporation today withdrew its bid for satellite broadcaster BSkyB in the wake of the phone-hacking scandal.

News Corporation withdraws bid for BSkyB
Wed, 13 Jul, 2011 - 15:47

Rupert Murdoch's News Corporation today withdrew its bid for satellite broadcaster BSkyB in the wake of the phone-hacking scandal.

News Corp, which also owns the Sun and the Times newspapers as well as its 39% shareholding in BSkyB, said it will continue to be a long-term shareholder in the company.

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