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News Corporation takeover bid for BSkyB

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155:, posing as constituents, set up a meeting with Cable, in which he made some unguarded remarks about the coalition, including a description of the coalition's attempt at fast, widespread reforms (including the health service and local governments) as being a "kind of Maoist revolution". When his comments appeared in the press on 21 December, Cable stated, "Naturally I am embarrassed by these comments and I regret them", before reaffirming his commitment to the coalition government, stating that "I am proud of what it is achieving". In May 2011 the 1773: 230:
deal would give Mr Murdoch's News Corporation too much control of the media. After the consultation ends on July 8, Mr Hunt is expected to wave the merger through once and for all. He is keen to give final confirmation by July 19 when the summer parliamentary recess begins." Several days later, with the
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By early July, despite public opposition to the deal, "Government says its ready to give clearance to deal. Jeremy Hunt gives opponents one final week to raise objections. However, he has provisionally agreed to proposals that will see Sky News be spun off as an independent company to allay fears the
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was due to debate the motion, News Corporation announced that it would be withdrawing its proposal to take complete ownership of BSkyB. Chase Carey, the corporation's deputy chairman, stated that it was "too difficult to progress" with the proposed takeover given the phone hacking controversy.
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Numerous analysts and commentators suggested that as a result of the phone hacking scandal, it would be politically difficult or impossible for News Corp to proceed with its takeover plans. In addition to public pressure for the deal to be withdrawn or for the Government to halt the proposal,
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had not published Cable's comments in full, and also published on 21 December. Following this revelation Cable had his responsibility for media affairs – including ruling on Murdoch's takeover plans – withdrawn from his role as business secretary that same day. In July 2011 a firm of private
36:. News Corporation already owned 39.1% of BSkyB and held onto 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 121:
Although the two companies had not agreed on a revised takeover proposal, News Corporation announced its intention to seek regulatory approval from the European Commission in November. The Commission unconditionally approved the proposal the following month.
300:. Most submissions were opposed to News Corp taking full control of BSkyB. News Corp subsequently withdrew undertakings made as part of negotiations with the government, triggering an immediate referral of the proposal to the Competition Commission. 516: 112:
to take full control of the company. News Corp had offered 700p per share for the remaining 60.9% of shares that it did not own. BSkyB said that it would only consider offers of at least 800p per share.
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said that "According to one account from a senior party figure, a cabinet minister was told that, if the government did not do as NI wanted, the Lib Dems would be 'done over' by the Murdoch papers."
1616: 468: 1239: 214:, 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 950: 1203: 1049: 794: 1417: 672: 207: 163:
s use of subterfuge: "On this occasion, the commission was not convinced that the public interest was such as to justify proportionately this level of subterfuge."
524: 642: 387: 1092: 126: 88:, a tabloid newspaper published by News International. Details of the activities, especially regarding the paper's hacking into the voicemail of murder victim 906: 850: 418: 1042: 476: 1802: 1248: 707: 1422: 958: 1540: 1079: 1035: 238:
intervened, saying that it has "a duty to be satisfied on an ongoing basis that the holder of a broadcasting licence is 'fit and proper'".
292:, BSkyB shares plummeted and Hunt received well over 150,000 submissions from members of the public, driven by efforts by campaign groups 1807: 1753: 50:
went so far as to say that, "Without a full takeover of BSkyB, News Corp's global satellite strategy would look an unco-ordinated mess."
802: 746: 174:'s News Corporation takeover bid for BSkyB, "I have declared war on Mr Murdoch and I think we are going to win." This was given to the 343: 1660: 1193: 1074: 1066: 289: 33: 82:
The second turning point was the series of revelations in early July of the hacking of the phones of non-celebrity victims by the
231: 1817: 1812: 1733: 350:(which was also bidding for 21st Century Fox, but later gave up) acquired all of Sky in 2018, and today, Sky is under Comcast. 324: 97: 254:
and other politicians, began to seriously question whether the takeover of BSkyB by News Corporation ought to be blocked. The
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After the business secretary Vince Cable was stripped of his jurisdiction over the deal, the proposal was referred to
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to track the source of the leak concluded "strong suspicion" that two former Telegraph employees who had moved to
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he had "declared war" on Murdoch. When these comments were made public, the final say on the deal went instead to
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The first key turning point in the planned takeover was the removal in December 2010 of regulatory approval from
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phone hacking allegations that a significant number of people, including former deputy prime minister
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to consider issues of media plurality. In July 2011 it was reported that around this time News Corp's
1797: 747:"Media Standards Trust " Blog Archive " Hacked Off: Campaign for a Public Inquiry into Phone Hacking" 275: 92:, sparked widespread outrage against News Corporation. Attempts to defuse the scandal by closing the 1135: 203: 64: 21: 218:
being severed from BSkyB. On 23 June it was reported that News Corp had reached an agreement with
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Britain's major political parties all expressed the view that the deal should not go ahead. The
79:, a News Corporation subsidiary. Hunt was much more sympathetic to the takeover bid than Cable. 1748: 1291: 305: 211: 255: 269:. Soon after launch, the campaign gained the support of suspected hacking victim, the actor 1701: 1188: 8: 1366: 1198: 1157: 151: 96:
and publishing an apology by Murdoch both failed. In the face of a planned motion in the
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In a symbolic gesture, the House later passed the opposition day motion unanimously by
192: 137: 76: 1670: 1650: 1611: 1550: 1128: 317: 84: 1665: 1655: 1404: 1301: 1276: 1149: 1114: 1027: 899:"Withdraw the BSkyB proposal: Murdoch faces humiliation as Government backs Labour" 339: 586: 547: 1728: 1645: 1591: 1560: 1480: 1326: 1296: 702: 199:, had gained access to the transcript and audio files and leaked them to Peston. 37: 32:. The bid was launched in June 2010 but was withdrawn in July 2011 following the 1525: 1515: 1490: 1412: 1341: 928: 440: 313: 266: 171: 29: 1791: 1738: 1586: 1545: 1520: 1510: 1457: 1452: 1356: 1351: 1331: 251: 179: 125:
The proposal was also reviewed by the British government. On 4 November 2010
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News Corp boss 'linked' to leak of Vince Cable's Rupert Murdoch comments
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List of people arrested in the News International phone-hacking scandal
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Chandrasekhar, Indu; Wardrop, Murray; Trotman, Andy (13 July 2011).
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On 15 June 2010, BSkyB announced that it had rejected an offer from
223: 215: 721:"Milly Dowler phone hacking: Politicians hit out over revelations" 1122: 770:"BSkyB shares plunge on News Corp bid doubts – National Business" 718: 347: 100:
calling on News Corporation to abandon the bid, they acquiesced.
419:"News Corp. Seeks EU Antitrust Approval for Proposed BSkyB Deal" 1210: 823: 504:
News International 'bullied Liberal Democrats over BSkyB bid'
235: 219: 133: 795:"BSkyB takeover proposal referred to Competition Commission" 67:. Cable's comments on this matter were not published by the 466: 587:"Vince Cable criticises Murdoch takeover in secret tapes" 342:
attempted to purchase Sky plc, but after it found itself
210:. Hunt initially elected not to refer to the deal to the 175: 851:"BSkyB's share price expectations reduced after scandal" 719:
Mulholland, Hélène & Robinson, James (4 July 2011).
1007:"Phone-hacking scandal + PMQs – Wednesday 13 July 2011" 441:"EU clears Rupert Murdoch's News Corporation BSkyB bid" 575:
Daily Telegraph censured by PCC over Vince Cable tapes
1057: 548:"Vince Cable said he could quit coalition if pushed" 417:
Browning, Jonathan; Larson, Erik (4 November 2010).
469:"News of the World phone hacking scandal: timeline" 998: 708:Hunt set to give go-ahead to BSkyB deal next week 273:, who became a public spokesperson, appearing on 149:In late December 2010, undercover reporters from 1789: 891: 517:"Vince Cable: I could bring down the Government" 140:subsidiary had "bullied" the Liberal Democrats. 1004: 973: 824:Holton, Kate; Prodhan, Georgina (7 July 2011). 712: 208:Secretary of State for culture, media and sport 71:but were instead leaked to then BBC journalist 673:"Hunt gives green light to News Corp-Sky deal" 615:, 21 December 2010. Retrieved 23 January 2011. 416: 1043: 649:. Media Spy. 23 December 2010. Archived from 943: 921: 787: 545: 1754:Regulation of Investigatory Powers Act 2000 826:"Hack job! Murdoch axes paper to save deal" 410: 320:calling on News Corp to rescind its offer. 1050: 1036: 869: 843: 817: 665: 462: 460: 458: 312:both indicated that they would support an 957:. Media Spy. 13 July 2011. Archived from 905:. Media Spy. 13 July 2011. Archived from 801:. Media Spy. 12 July 2011. Archived from 679:. Media Spy. 3 March 2011. Archived from 433: 394:. Media Spy. 15 June 2010. Archived from 380: 364: 362: 222:to approve the takeover, on the basis of 170:transcript, Cable stated in reference to 57:, who had told undercover reporters from 1803:News International phone hacking scandal 1194:Independent Police Complaints Commission 1075:News International phone hacking scandal 877:"News Corp's BSkyB takeover bid at risk" 643:"News Corp-Sky spotlight shifts to Hunt" 388:"BSkyB knocks back Murdoch takeover bid" 344:in the midst of an acquisition by Disney 290:News International phone hacking scandal 34:News International phone hacking scandal 1088:News Corporation takeover bid for BSkyB 455: 232:News of the World phone hacking scandal 18:News Corporation takeover bid for BSkyB 1790: 635: 359: 1031: 1096:phone hacking scandal investigations 514: 182:by a whistleblower unhappy that the 116: 1640:HM Advocate v Sheridan and Sheridan 929:"News Corp withdraws bid for BSkyB" 13: 1808:Attempted mergers and acquisitions 1179:Culture, Media and Sport Committee 14: 1854: 981:"Parliamentary Debates (Hansard)" 546:Norman Smith (21 December 2010). 159:upheld a complaint regarding the 1772: 1771: 1059:2011–12 News Corporation scandal 1005:Sparrow, Andrew (13 July 2011). 986:. House of Commons. 13 July 2011 767: 515:Watt, Holly (20 December 2010). 241: 1226:Solicitors Regulation Authority 1184:Federal Bureau of Investigation 761: 739: 695: 618: 601: 579: 323:On 13 July, shortly before the 1677:R v Coulson, Brooks and others 562: 539: 508: 491: 166:In an undisclosed part of the 1: 1818:2011 mergers and acquisitions 1813:2010 mergers and acquisitions 1719:Foreign Corrupt Practices Act 353: 226:becoming a separate company. 132:referred the takeover bid to 443:. BBC News. 21 December 2010 376:News Corp needs all of BSkyB 28:, the media conglomerate of 7: 1216:Press Complaints Commission 1083:royal phone hacking scandal 187:investigators hired by the 157:Press Complaints Commission 20:was a proposed takeover of 10: 1859: 1843:2011 in British television 1838:2010 in British television 879:. Al Jazeera. 12 July 2011 258:formed the pressure group 246:It was in the wake of the 1767: 1711: 1686: 1629: 1569: 1403: 1365: 1247: 1238: 1166: 1113: 1104: 1065: 749:. mediastandardstrust.org 288:In July 2011, during the 1833:2011 in British politics 1828:2010 in British politics 523:. London. Archived from 475:. London. Archived from 103: 22:British Sky Broadcasting 589:. BBC. 21 December 2010 1749:Politico-media complex 212:Competition Commission 1322:Gerry and Kate McCann 1189:Harbottle & Lewis 256:Media Standards Trust 1587:Lord Justice Leveson 1221:Serious Fraud Office 1367:Metropolitan Police 1199:Metropolitan Police 931:. BBC. 13 July 2011 855:Proactive Investors 521:The Daily Telegraph 473:The Daily Telegraph 152:The Daily Telegraph 60:The Daily Telegraph 1759:Social engineering 1734:Operation Motorman 1695:Dial M for Murdoch 1687:In popular culture 1257:7/7 attack victims 1123:News International 398:on 13 January 2011 265:to campaign for a 193:News International 138:News International 127:Business Secretary 77:News International 1785: 1784: 1671:Operation Weeting 1661:Operation Rubicon 1651:Operation Elveden 1625: 1624: 1612:John Whittingdale 1551:Neville Thurlbeck 1234: 1233: 1129:News of the World 1094:News of the World 1081:News of the World 607:Patrick Wintour, 527:on 8 January 2011 306:Liberal Democrats 117:Regulatory issues 94:News of the World 85:News of the World 1850: 1798:News Corporation 1775: 1774: 1666:Operation Tuleta 1656:Operation Kalmyk 1443:James Desborough 1418:Jonathan Chapman 1405:News Corporation 1302:Sheryl Gascoigne 1277:Charlotte Church 1245: 1244: 1150:The Sunday Times 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Index

British Sky Broadcasting
News Corporation
Rupert Murdoch
News International phone hacking scandal
Sky Deutschland
Sky Italia
The Guardian
Vince Cable
The Daily Telegraph
Jeremy Hunt
Robert Peston
News International
News of the World
Milly Dowler
House of Commons
News Corporation
Business Secretary
Vince Cable
Ofcom
News International
The Observer
The Daily Telegraph
Press Complaints Commission
Rupert Murdoch
BBC
Robert Peston
News International
Will Lewis
Jeremy Hunt
Secretary of State for culture, media and sport

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