21st Century Fox is expected to formally notify the European Commission of its £11.7 billion Sky takeover within the next few days.
Prime Minister David Cameron last night continued to back his beleaguered culture secretary following his appearance before the Leveson inquiry into the conduct of the media.
Prime Minister David Cameron was made aware of culture secretary Jeremy Hunt’s support for News Corp’s BSkyB takeover bid just a month before he was given responsibility to oversee the bid.
Ofcom has taken its “Fit and Proper” test into BSkyB up a level by requesting information direct from News International.
Culture secretary Jeremy Hunt stands accused of giving a running commentary on his actions in the News Corp takeover of BSkyB to those at the centre of the proposed transaction.
James Murdoch has relinquished his position as chairman of BSkyB saying that he could become a lightning rod for BSkyB amid the phonehacking scandal still surrounding News Corp’s UK newspaper interests.
Andrew Neil, the founding chairman of the then Sky Television, has said a huge question mark will sit over BSkyB while James Murdoch remains in place.
Prime Minister David Cameron has come under repeated pressure in parliament over whether any “inappropriate” discussions took place over the failed News Corp-bid for BSkyB.
Tom Mockridge is to become the chief executive of News International, following the resignation of Rebekah Brooks as the phonehacking scandal continues to take its toll on News Corp’s UK newspaper operations.
News Corp has announced it is withdrawing its bid to take full control of BSkyB following days of pressure over the phone hacking scandal.