From the HUFF POST:
Rupert Murdoch’s News Corp. withdrew its $12 billion bid for BSkyB, the lucrative satellite broadcaster, on Tuesday.
The withdrawal represented a devastating blow to Murdoch, who had desperately sought to take full control of BSkyB. It was also an admission from Murdoch that the scandal surrounding his British newspaper division has shown no signs of abating. The suspension of the bid came after the British government, which had previously given every indication that it wanted the deal to progress, dramatically withdrew its support for the bid on Tuesday in the wake of the ever-deepening scandal surrounding News Corp and its UK subsidiary, News International…
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