Murdoch's BSkyB Bid Is Falling

Parties to unite against Murdoch's $15 billion bid "in the public interest"

Rupert Murdoch's dreams are on the verge of collapsing. Parties in the British Parliament are expected to unite against Rupert Murdoch's News Corp. bid to buy BSkyB Wednesday, reports The Guardian. David Cameron is expected to announce a full government investigation into the phone hacking scandal that has rocked News Corp., and at the same time "will disown the media tycoon by leading his party through the lobbies to urge him to drop the bid." Murdoch has the option to press ahead with the bid to buy BSkyB, but The Guardian warns that Murdoch "risks finding himself ostracised by a political class that once scrambled to bend to his wishes." This is not the first time this week British officials have opposed the bid, but it is the first time that David Cameron weighed in on the matter.

After the Labour Party put forward a motion urging Murdoch to drop the bid "in the public interest" Tuesday, the two remaining parties are expected to vote in favour of the motion now that David Cameron was weighed his support for the bill. The Guardian predicts the pageantry will play out like this:

Miliband will lead the debate and will argue that the bid has to be withdrawn at least until police and judicial investigations into phone hacking and police bribery at News International have been completed. That could be in 2014.

Cameron's spokesman said it was for News Corp to decide how to respond to the vote, but added: "We would always expect people to take seriously what parliament says."

Murdoch was also invited, along with his son, James Murdoch, and News International chief Rebekah Brooks, to speak to the Commons Select Committee about the News of the World scandal, but The Guardian is reporting that Murdoch has now declined that invitation.