Rupert Murdoch's News Corp. withdrew its bid to take over British satellite broadcaster BSkyB Wednesday in the face of widespread public and political anger at the company over allegations of illegal eavesdropping and police bribery by some of its British newspaper journalists.
The pull out halts for now Murdoch's plans to create Britain's largest media company by acquiring the satellite broadcaster. News Corp. had been seeking to buy the 60.9% of the BSkyB shares it does not already own.
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