Murdoch Urged to Drop BSkyB Deal, Hacking Scandal Widens
By Tim Miller
July 12, 2011
July 12, 2011
- UK Deputy Prime Minister Nick Clegg publicly urged News Corp. to drop its bid to acquire BSkyB, Britain’s largest satellite TV provider.
- The announcement was delivered in the wake of the News of the World phone-hacking scandal, which continues this week with allegations involving additional News Corp. publications, possible classified information regarding the royal family, bribery of police and other illegal methods to obtain information.
- Murdoch’s decision to shut down News of the World apparently has not muted the public outcry.
- A group of disgruntled News Corp. shareholders has reportedly filed a lawsuit alleging nepotism and accusing the company of governance failures.
- BSkyB’s stock posted a 5.5 percent drop on the news.
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