By Alex Brummer, November 11, 2010
When the Murdoch family controlled News Corporation launched its £12.3bn bid for the 60 per cent of BSkyB, which it does not own, in June, what a storm it unleashed.
The deal, orchestrated by James Murdoch, who runs News Corp in Europe and is non-executive chairman of BSkyB, was poorly executed and prepared.
First, the price of 700 pence offered was inadequate and galvanised the normally-docile independent directors on BSkyB into action. Secondly, it raised questions of conflict of interest because of James Murdoch's role at News Corp and his job as chairman of BSkyB.