's multibillion-dollar bid to take full control of British Sky Broadcasting Group PLC.

WSJ: Leveson Report Urges 'Self-Regulation' of U.K. Press

It has also forced the company to abandon its bid to take full control of pay-TV company British Sky Broadcasting Group PLC.

WSJ: Hackers Claim 'Sun' Site Hit

's bid for full ownership of British Sky Broadcasting Group PLC.

WSJ: Rupert Murdoch Has Change of Heart on Publishing Business

The scandal last year prompted News Corp. to retreat from its bid to acquire 100% control of British Sky Broadcasting Group PLC.

WSJ: Eight Charged With Phone-Hacking Offenses in U.K.

James Murdoch left his position as chief executive of British Sky Broadcasting Group PLC in December 2007 to become head of News Corp.

WSJ: Two Former News of the World Executives Dispute James Murdoch Testimony

Even so, scrapping NotW is a sure sign the Murdochs are fearful the continuing stream of hacking revelations is on the verge of derailing their takeover of British Sky Broadcasting Group.

FORBES: News Corp. Shuts News of the World Amid Hacking Furor

's attempts to buy the 60.9% of broadcaster British Sky Broadcasting Group PLC that it doesn't own, promising to hold a Parliamentary vote to delay the deal until investigations into the News of the World are finished.

WSJ: Police Feel the Heat in U.K. Tabloid Scandal

Nonetheless, from an investor's perspective, 3C still merits a significant amount of attention simply because of its members, a list that also includes: AIG, Areva, Bayer, British Sky Broadcasting, Dow Chemical, Endesa, Hitachi, Munich Re Group, RAO UES Russia, SAS and Siemens.

FORBES: Magazine Article