News Corporation takeover bid for BSkyB the deal, the proposal was referred to Jeremy Hunt, the Secretary of State for culture, media and sport. Hunt initially elected not to refer to the deal to the Competition Commission, announcing on 3 March 2011 that he intended to accept a series of undertakings given by News Corporation, paving the way for the deal to be approved. The undertakings would have led to Sky News being severed from BSkyB. On 23 June it was reported that News Corp had reached an agreement with Ofcom to approve the takeover, on the basis of Sky News becoming a separate company. By
News Corporation takeover bid for BSkyB News Corporation takeover bid for BSkyB The News Corporation takeover bid for BSkyB was a proposed takeover of British Sky Broadcasting (BSkyB) by News Corporation, the media conglomerate of Rupert Murdoch. The bid was launched in June 2010, but was withdrawn in July 2011 following the News International phone hacking scandal. News Corporation already owned 39.1% of BSkyB, and held on to its stake following the collapse of the takeover bid. The takeover was an essential part of News Corporation's business strategy, not least as it would have made possible integration with other entities such as Sky Deutschland and Sky