Thursday, 3 March 2011

Rupert Murdoch BSkyB takeover gets government go-ahead


Rupert Murdoch's News Corporation has been given government approval for its controversial bid to take over BSkyB.

The green light follows News Corp's offer to spin off Sky News as an independent company.

Rival media groups dismissed News Corp's offer as a "whitewash" and said they would "vigorously contest" it.

News Corp, which owns the Sun, the News of the World and the Times and the Sunday Times, is looking to take over the 61% of BSkyB that it does not own.

Culture Secretary Jeremy Hunt said he intended to accept News Corp's offer rather than refer the takeover to the Competition Commission.

http://www.bbc.co.uk/news/business-12631875



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