News Corp. Scandal May Impact BSkyB Acquisition
By Tim Miller
July 7, 2011
July 7, 2011
- New allegations have emerged that News of the World, a British paper owned by News Corp., illegally hacked into and tampered with the voicemails of crime victims, including a kidnapped 13-year-old girl.
- The allegations arrive just as News Corp. was poised to acquire BSkyB, the largest pay TV service in Britain.
- British regulators have yet to give final approval to the deal, which has already taken 13 months due to complicated regulatory hurdles.
- It is unclear whether the growing scandal will affect its fate. However, Prime Minister David Cameron said the allegations are a “separate issue” from the regulatory process.
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