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-- -- news -- the parent company of Fox News Channel today with drying it's twelve billion dollar bid.
To take over pay TV network British sky broadcasting.
It's new fallout from the phone hacking investigation is going on in the UK Amy Kellogg is on -- -- -- -- -- -- -- -- -- That's right News -- has abandoned its bid to take over these guys -- that shares that it doesn't already own.
B -- B is this satellite giant here in the United Kingdom now this doesn't necessarily mean Martha that that did.
Will never be resuscitated in the future but for now.
It's been shelved at a News Corp.
executive said that.
considered that taking over B -- -- would have been beneficial to both companies but that it simply impossible to move on.
In this current climate now there was a debate this morning in the parliament B sky B.
News court has 39% of the shares of B sky B currently.
And the parliament debated the issue this morning.
It was supposed to be a vote this evening that would have not requested the -- be dropped of course News Corp.
went ahead and dropped it before that happened.
But here was prime minister David Cameron at a preliminary debate this morning.
What is happening at this company is disgraceful is not to be addressed at every level and they should stop and think about mergers when they ought to sort that -- -- they creates.
And -- It was a very animated session of commons today -- Now there are two inquiries here going on in the United Kingdom looking into.
The allegations of phone hacking all snow that some of the News Corp.
Journalists paid police for information.
But also in the United States now.
Senators Barbara Boxer and Jay Rockefeller I have asked the securities and exchange commission and the Justice Department.
To investigate whether or not News Corp.
Violated any US laws.
That's -- latest from London -- RIT Amy thank you very much Amy Kellogg.
And a fiery plane.
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