Nearly a year after News Corp. first made moves to acquire British Sky Broadcasting Group PLC, Rupert Murdoch’s media conglomerate has finally gotten the go-ahead for a takeover from the U.K. government provided that they make some concessions, reports the Wall Street Journal.
On March 3, U.K. culture secretary Jeremy Hunt gave provisional approval to the deal after News Corp. offered to spin-off BSkyB's 24-hour news channel, Sky News, into an independent listed company. Months of negotiations between News Corp.,
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