MUMBAI: Facing flak for phone hacking scandal, media baron
Rupert Murdoch said Britian doesn't appeal him anymore. Instead,
the News Corp chairman is bullish on United States.
is no longer interested in acquiring the profitable pay TV
business British Sky Broadcasting, in which his company holds
39 per cent.
Pertinently, Murdoch has for a long time been pursuing the
take over of BSkyB but the phone hacking scandal which engulfed
at its British tabloids last year forced the company to withdraw
the $12 billion bid to buy BSkyB.
think we have moved on in our own thinking from that,
Murdoch said to Fox Business. There were billions and
billions of dollars and if Britain didnt want them,
we have good places to put them here. I am much more bullish
on America than I am about England.
brushed aside suggestions that his decision had more to do
with the hacking scandal, saying his confidence in the United
States has a lot to do with its leadership. He also believes
that Europe is going to have a long semi-recession,
if not a real recession".