Inside News Corp.’s Jockeying for Britain’s BSkyB

The takeover is nearing completion

After more than a year, News Corp.’s takeover bid for British satellite broadcaster BSkyB is nearing completion. Britain’s culture secretary, Jeremy Hunt, gave his approval for the takeover last Thursday, subject to some tweaking of the conditions and a new consultation of market rivals that will run until July 8. Assuming that News Corp. and BSkyB can agree on a price, the purchase seems likely to be concluded by mid-October.