07-12-2011, 04:34 PM
Quote:Investors in companies controlled by Rupert Murdoch have been dumping the shares amid fears on both sides of the Atlantic over the fallout from the phone-hacking scandal at the News of the World.source
Shares in broadcaster BSkyB are down 5% in the last week, wiping some £666m off the value of the business, while News Corp had lost 2.6% – slicing some $400m off the value of the News of the World's ultimate parent company. Many hedge funds which had bought into BSkyB in the hope of making a quick profit from the bid have been selling the shares on fears that the deal now faces substantial delay.
that was as of the 7th july
last monday shares were worth 8 pound 50 pence, now they're just over 7 pounds. its now said to have lost about 850 million pounds, and down 7%
i'd say thats a fair bit of cash to lose. they say it will get worse specially if he doesn't gain control of B SKY B