Thursday 30 June 2011
Murdoch's BSkyB takeover inches towards completion
Rupert Murdoch's bid for BSkyB seems to be going rather well, with the UK's Culture Minister, Jeremy Hunt, provisionally agreeing to proposals for Sky News to become an independent company under the News Corps umbrella. News Corps is bidding for 61 per cent of BSkyB, which would mean that BSkyB would own the company outright as currently is has a 39 per cent stake. The new plan, which intends to give Sky News editorial independence from News Corps' other media outlets, is subject to a few
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