2011-07-13 13:52:00 News Corp Withdraws Bid For BSkyB *EXCLUSIVE* - NOTW Phone Hacking *NEW*
News Corporation has withdrawn its bid for BSkyB.
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The media group feels the situation has become "too politicised" for it to continue with its takeover offer.
A statement confirming the news read:
"News Corporation announces that it no longer intends to make an offer for the entire issued and to be issued share capital of British Sky Broadcasting Group PLC ("BSkyB") not already owned by it."
Thanks to the BBC.
Wednesday 13th July 2011