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
Sky News Arabia finance. Al-Waleed bin Talal, the second-largest shareholder in 21st Century Fox, which has a 39.1% stake in BSkyB, announced in September 2011 that he would launch another Arabic news channel, Alarab News Channel. That station closed on the same day it launched. Operations at the network's headquarters in twofour54 media zone, Abu Dhabi, began in February 2012. It began broadcasting on 6 May 2012. Sky News Arabia claims a commitment to independent reporting and avoiding partisan programming. A six-person editorial advisory committee exercises oversight over the network's editorial output. Sky News Arabia is broadcast to more than 50 millions households