Wednesday, July 13, 2011
News Corporation Withdraws Bid for BSkyB-Is Bankruptcy Next?
A senior source who had been working on the offer told Sky's City editor Mark Kleinman the situation had become "too politicised" for News Corp to move forward.
"My disclosure that News Corp had withdrawn its interest in taking over BSkyB feels, with hindsight, like an inevitability given the escalating scandal," commented Kleinman.
The decision was later confirmed by the media group, which said the "current climate" prevented a further approach.
A Downing Street spokesman said: "We welcome the news. As the Prime Minister has said, the business should focus on clearing up the mess and getting its own house in order."
Labour leader Ed Miliband described the decision as "a victory for people up and down this country who have been appalled by the phone hacking scandal".
If he hacked Brit politicians, why wouldn't he have hacked the Americans First? MAYBE Even DOING IT for his CHINESE MASTERS over in Beijing...Ever hear of the China Mafia? Or, did you think REAL Mafia Gangsters only ate Italian food? or Russian food?