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Read this: Jeremy Hunt gives News Corp green light to launch £8bn bid for BSkyB - Media - The Guardian

Summary: Then in private negotiations last month Hunt said the concession still did not quite go far enough. A day later, a letter from James Murdoch amounted to confirmation that Britain's biggest media merger could now go through. BSkyB's share price soared to 822p following yesterday's green light, in expectation of News Corporation having to table a vastly improved offer on the 700p proposal made in June. - link

Jeremy Hunt gives News Corp green light …

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