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BSkyB stock down again as takeover seen collapsing

BSkyB stock down again as takeover seen collapsing

Shares in British Sky Broadcasting keep falling as markets no longer believe Rupert Murdoch's News Corp. will pursue its takeover bid due to increased political opposition.
Shares were down 1.5 percent at 681.5 pence ($10.86) on the London Stock Exchange Wednesday, extending a sharp drop into the seventh session.
BSkyB shares have fallen from 850 pence early last week as the phone hacking scandal at Murdoch's News of the World has caused public and political fury. Regulatory clearance for a possible bid for the 61 percent of shares that News Corp. doesn't own has been delayed for several months at best. The U.K. government is backing a House of Commons motion urging Murdoch not to pursue the deal.


Updated : 2021-07-29 05:39 GMT+08:00