Rupert Murdoch
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News Corp withdraws bid to take full control of BSkyB

After days of intense pressure over phone hacking and corruption allegations, Rupert Murdoch has made a dramatic U-turn by withdrawing his bid to take full control of the broadcaster BSkyB.

The announcement from News Corporation came as MPs prepared to debate a Labour motion in the Commons on the deal and as the Prime Minister announced a wide ranging inquiry into the scandal.

Robert Peston reports.

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