Here’s an excerpt from BTIG analyst Rich Greenfield’s take on the potential impact of the News of the World hacking scandal on News Corp (NSDQ: NWS). and Rupert Murdoch’s BSkyB (NYSE: BSY) dreams. Click through (the full post requires registration) to see why Greenfield thinks the timing of the revelations somehow was meant to derail the deal. He also has a detailed timeline.
It honestly feels like there were opponents of the News Corp/BSkyB transaction that realized there was simply no way to block the deal on ?Media Plurality? grounds, so in turn, they unearthed a wide array of illicit activity at News International to throw a ?wrench? into the acquisition process. What we find even stranger is how the government approval process dragged on ?just? long enough for this week?s explosive news to come out, rather than the deal having been first approved and then have the news explode…
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