Murdoch rules out second Sky bid, blasts UK
June 29, 2012
Rupert Murdoch has vowed not to make a new bid for BSkyB after the division of News Corp, saying he would focus his media empire on the US because “the English” had made him unwilling to invest any further in the UK.
The News Corp chairman’s outburst came in an American television interview with Bloomberg after the company confirmed it would split its newspaper businesses from electronic media.
“No, I think we’ve moved on in our own thinking on that,” Murdoch replied, when asked if the split made it possible to revive the £7.8 billion (€9.74bn) bid to take full control of BSkyB. “There are billions and billions of dollars. If Britain didn’t want them, we’ve got good places to put them here. I am a lot more bullish on the US than on the UK. I would be a lot more reluctant to invest in new things in Britain today than I would be here.”