Breaking News of the Day: News Corp. Withdraws BSkyB Bid

Breaking News,News of the World,Phone Hacking Affair,Rupert Murdoch
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strong>Breaking News of the Day: News Corp. has surprised many by withdrawing its $12 billion bid for a 100% takeover of BSkyB mere hours after being urged to do so by UK PM David Cameron.

In a statement released a short while ago, Rupert Murdoch's embattled media conglo

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