UPDATED 10:57 EDT / JULY 11 2011

MurdochÕs News Corp. Bids for Full Control of BSkyB Satellite

A sign sits outside the British Sky Broadcasting Group Plc headquarters in Isleworth, U.K., on Tuesday, June 15, 2010. British Sky Broadcasting Plc, the U.K.’s largest pay-TV provider, spurned a 7.8 billion-pound ($11.5 billion) offer from Rupert Murdoch’s News Corp., asking for the bid to be raised by at least 14 percent. Photographer: Chris Ratcliffe/Bloomberg via Getty Images