Murdoch's Huge British TV Takeover Looking Less And Less Likely

Rupert Murdoch The Daily launch

Photo: News Corp.

Shares in BSkyB have fallen to 773p (approx $12.31), their lowest price since February, reports the Evening Standard.The company had been seeing its share price rise over the news of a controversial £8 billion ($12.7 billion) takeover bid by Rupert Murdoch‘s News Corp.

Once seen as near-certain, the odds of the takeover are now running at 50/50.

It now seems likely the takeover may be ruined by the phone hacking scandal currently huge news in the UK.

Read more at The Evening Standard >

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