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
2011 News Corporation scandals been filed for investors who purchased News Corporation common stock between 3 March 2011, and 11 July 2011. On 11 July 2011, a group of shareholders led by Amalgamated Bank who were already suing News Corps over the purchase of Rupert Murdoch's daughter's media company, Shine Group, updated the lawsuit to include accusations that the board of News Corp "fail[ed] to exercise proper oversight and take sufficient action since news of the hacking first surfaced at its subsidiary nearly six years ago." On 13 September they added further charges concerning the Floorgraphics case and the behaviour of another of News