Investors Bailing on News Corp.’s BSkyB Deal

British politicians are signaling that News Corp.’s $12 billion BSkyB deal is in even more trouble because of phonegate, and investors are getting the hint. They’ve driven the stock of the satellite TV company down to the 700 pence level — the same price News Corp. offered for the company last summer. BSkyB traded as high as 850 pence this summer, when investors thought News Corp. would raise its bid for the 61 percent of the company it didn’t already own. (News Corp. also owns this Web site.)