Murdoch drops bid to buy British Sky Broadcasting

News Corp. chief succumbs to pressure from British lawmakers as phone-hacking scandal rages on

By Associated Press

Published July 13, 2011 1:37PM (EDT)

Rupert Murdoch leaves his home in Mayfair, London, as British Prime Minister David Cameron joined demands for the media mogul to drop his BSkyB takeover bid in the wake of the phone-hacking scandal Wednesday July 13, 2011. Britain's House of Commons is poised to demand that Rupert Murdoch give up on his ambition of taking over a lucrative broadcaster while a phone hacking scandal rages around his British newspaper holdings. Cameron has put his party's weight behind an opposition motion up for a vote Wednesday which declares that bidding for full control of British Sky Broadcasting would not be in the national interest. (AP Photo/Steve Parsons) UNITED KINGDOM OUT NO SALES NO ARCHIVE (AP)
Rupert Murdoch leaves his home in Mayfair, London, as British Prime Minister David Cameron joined demands for the media mogul to drop his BSkyB takeover bid in the wake of the phone-hacking scandal Wednesday July 13, 2011. Britain's House of Commons is poised to demand that Rupert Murdoch give up on his ambition of taking over a lucrative broadcaster while a phone hacking scandal rages around his British newspaper holdings. Cameron has put his party's weight behind an opposition motion up for a vote Wednesday which declares that bidding for full control of British Sky Broadcasting would not be in the national interest. (AP Photo/Steve Parsons) UNITED KINGDOM OUT NO SALES NO ARCHIVE (AP)

Rupert Murdoch's News Corp. says it has given up on making an offer to take full control of British Sky Broadcasting.

News Corp. deputy chairman and president Chase Carey said "it has become clear that it is too difficult to progress in this climate."


By Associated Press

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