Read this: Hacking Scandal May Delay Ruling on News Corp. Bid for BSkyB - WSJ.com

Summary: The proposed deal, which has already been 13 months in the making because of complicated regulatory hurdles, may now face further delays in the wake of allegations that News of the World hacked into the mobile-phone voice mails of people ranging from celebrities and politicians to murder victims. One regulator that had already approved the deal said it had other powers that could possibly affect it. BSkyB shares fell 2.1 in London trading Wednesday to 827 pence 13.28 apiece, reflecting investor jitters about the deal. - online.wsj.com