News Corporation takeover bid for BSkyB Italia. "The Guardian" went so far as to say that, "Without a full takeover of BSkyB, News Corp's global satellite strategy would look an unco-ordinated mess." The first key turning point in the planned takeover was the removal in December 2010 of regulatory approval from Vince Cable, who had told undercover reporters from "The Daily Telegraph" he had "declared war" on Murdoch. When these comments were made public, the final say on the deal went instead to Jeremy Hunt. Cable's comments on this matter were not published by the "Telegraph", but were instead leaked to BBC journalist Robert Peston, most
News Corp finalized on June 28, 2013; during the stock splitting process, one share of the new News Corp was given to shareholders for every four shares they owned in the former News Corp. The new News Corp began trading on the NASDAQ stock exchange under the symbol "NWS" on July 1, 2013; at the same time, the former News Corporation (now consisting purely of media properties, such as Fox Entertainment Group and 20th Century Fox) was renamed 21st Century Fox. On September 4, 2013, News Corp announced that it would sell the Dow Jones Local Media Group, a group of 33