A&O, Herbies and Skadden lead as News Corp’s BSkyB bid flounders

Allen & Overy (A&O), Herbert Smith and Skadden Arps Slate Meagher & Flom have all held on to leading advisory roles as News Corp’s bid for BSkyB heats up.

Deputy prime minister Nick Clegg has called on Rupert Murdoch’s media giant to reconsider its bid for the broadcaster in light of the scandal hitting the News of the World, while culture minister Jeremy Hunt has written to media regulator Ofcom requesting advice on the deal.

A&O has been corporate and competition adviser to News Corp, led by London corporate partner Don McGown.

Skadden has also been providing corporate advice to News Corp, with partners Michael Hatchard and John Adebiyi involved in London alongside New York partners Lou Kling and Howard Ellin.

Herbert Smith global M&A head Stephen Wilkinson has been advising BSkyB alongside corporate partners Malcolm Lombers and James Milne and competition partner Elizabeth McKnight, as well as US-qualified corporate finance partner Jim Wickenden.

A&O and Hogan Lovells secured clearance earlier this year for News Corp following an Ofcom investigation into the deal (3 March 2011).

Brussels partner Francisco Enrique González-Díaz in Brussels led the ClearyGottlieb Steen & Hamilton team advising News Corp on attaining clearance from the European Commission, which came through at the end of last year (21 December 2011).