BSkyB shares rise following Vince Cable’s ‘declared war’ on Murdoch

22nd December 2010

Investors believe the events of the last few days have massively strengthened Rupert Murdoch's hand as he seeks approval for News Corp, which owns The Times and The Sun, to take complete ownership of BSkyB.

News Corp wants to buy the 61 per cent of BSkyB it does not own for £7.8bn.

Cable told reporters from the Daily Telegraph, posing as concerned mothers from his constituency, that he had ‘declared war' on Rupert Murdoch and that he was going to win.

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