News Corporation takeover bid for BSkyB early July, despite public opposition to the deal, "Government says its ready to give clearance to deal. Jeremy Hunt gives opponents one final week to raise objections. However, he has provisionally agreed to proposals that will see Sky News be spun off as an independent company to allay fears the deal would give Mr Murdoch's News Corporation too much control of the media. After the consultation ends on July 8, Mr Hunt is expected to wave the merger through once and for all. He is keen to give final confirmation by July 19 when the summer parliamentary recess begins." Several
News Corporation and pop singer Justin Timberlake bought the site for $35 million, which CNN reported noted was "far less than the $580 million News Corp. paid for Myspace in 2005." Murdoch went on to call the Myspace purchase a "huge mistake". On 13 July 2011, Rupert Murdoch announced that the company would withdraw its takeover bid for BSkyB due to concerns relating to the "News of the World" scandal. News Corporation already owned, and continues to own, 39.1% of BSkyB. On 6 June 2012, News Corporation announced that it would buy out ESPN Inc.'s stake in ESPN Star Sports to gain