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 media phone hacking scandal illegal acquisition of information from a mobile phone as recently as 2010. In the months following "The Guardian" article regarding Milly Dowler, the fallout from the phone hacking scandal had many adverse commercial consequences for News Corporation. "News of the World" was shut down after 168 years in business and News Corp. withdrew its $12 billion bid for British Sky Broadcasting Group plc (BSkyB), reportedly the biggest reverse of Rupert Murdoch's career. News Corp. lost its contract bid with the NY State Comptroller over concerns about the phone-hacking scandal. The legal bills and settlement of suits cost News Corp. hundreds