Home » International News » News Corp. drops bid for BSkyB

News Corp. drops bid for BSkyB

By Ken Sweet, contributing writer @CNNMoney July 13, 2011: 9:59 AM ET Rupert Murdoch’s News Corp. said Wednesday it was dropping its bid for satellite TV company BSkyB. NEW YORK (CNNMoney) — News Corp. — Rupert Murdoch’s media conglomerate — ended its bid to purchase British Sky Broadcasting, following days intense pressure from the British public and politicians over the growing British phone hacking scandal. In a regulatory filing with the London…