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Markets' Reaction Mixed To News Corp.'s Withdrawal From BSkyB Bid
British Sky Broadcasting
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shares fell sharply before rebounding Wednesday after News Corp (NSDQ: NWS). abandoned its bid to take full control over the broadcaster in the wake of the phone-hacking and police payments scandal that has rocked the media conglomerate. News Corp. Read more
Summary
British Sky Broadcasting shares fell sharply before rebounding Wednesday after News Corp (NSDQ: NWS). abandoned its bid to take full control over the broadcaster in the wake of the phone-hacking and police payments scandal that has rocked the media conglomerate. News Corp. shares, meanwhile, rose 1. 7 percent in early trading as investors mulled whether the dropped BSkyB (NYSE: BSY) bid would help the media giant weather the growing scandal.
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