Rupert Murdoch's News Corp (NWSA.O) took a huge step towards securing its prized $14 billion buyout of BSkyB (BSY.L) when Britain accepted its proposals to alleviate competition concerns. The move, which could still be challenged by media rivals in court, would allow News Corp to avoid a prolonged investigation and start negotiating the terms of the deal, its most important and politically charged in Britain for decades. As BSkyB consistently posts strong results, analysts have said the price for the satellite pay-TV group will only increase and News Corp was under pressure to secure a deal as soon as possible.
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