The CC has formally cancelled its investigation into the planned takeover of BSkyB by News Corporation.

News Corporation already owns a 39.1 percent share of the satellite broadcaster. The Secretary of State for Culture, Olympics, Media and Sport, Jeremy Hunt, referred the acquisition of the remaining shares to the CC on 11 July 2011. The CC says that it has now received satisfactory assurances that the planned acquisition has been dropped and it has therefore closed its inquiry.