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Rupert Murdoch Finally Makes BSkyB Takeover Offer Official

EU regulatory review of planned acquisition kicks off; deal has come under fire from U.K. competitors that claim News Corp. would monopolize the airwaves

NEW YORK - Rupert Murdoch's News Corp. on Wednesday said it has officially notified the European Union of its proposed offer to buy full control of U.K. pay TV provider BSkyB, which formally kicks off the regulatory approval process.