Deals
Murdoch’s BSkyB Chances Improve as Hunt Gets Review
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Rupert Murdoch’s News Corp.’s chance of winning regulatory approval to buy British Sky Broadcasting Group Plc got a boost after Conservative culture minister Jeremy Hunt was given responsibility for the review.
Business Secretary Vince Cable yesterday was stripped of the authority to decide whether the transaction gives News Corp. too much power after he was quoted as saying he had “declared war” on Murdoch. Prime Minister David Cameron transferred that responsibility to Hunt, who earlier this year said that the range of voices in the media won’t change following the deal.