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News Corp.'s BSkyB deal, which has looked increasingly doubtful in the last few days, is now officially dead: The media conglomerate has pulled the plug on its proposed $12.5 billion acquisition of the satellite TV company.

His News Corp this morning just finally made clear it has withdrawn its bid for full control of British Sky Broadcasting. The news comes as British lawmakers were about to demand that Murdoch give up his goal of taking complete control ...

Rupert Murdoch's News Corp. has withdrawn its $12 billion bid for BSkyB. The withdrawal represents a devastating blow to Murdoch, who had desperately sought to take full control of the satellite broadcaster.


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