• Most Popular
  • Most Shared

Deals

A security guard walks past cars in a Geely Automobile Holdings Ltd. factory in a Shanghai suburb September 28, 2006.REUTERS/Aly Song

China in auto power play

It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu.  Commentary 

» More Deals News

News Corp to boost stake in German operator: report

SAN FRANCISCO
Mon Apr 14, 2008 7:15pm EDT

SAN FRANCISCO (Reuters) - News Corp NWSa.N is planning to boost the stake that it has recently built in German pay-TV group Premiere AG, part of an effort to expand its footprint in Europe's biggest television market, the Wall Street Journal reported on Monday, citing a person familiar with the situation.

Deals  |  Stocks

News Corp plans to raise its holding to around 25 percent, after amassing a 22.7 percent stake in the cable television operator over the last three months, this person said, the Journal reported.

Under German law, News Corp would need to bid for all Premiere shares if its holdings reached 30 percent, the paper said. With 25 percent, News Corp would effectively be able to block any other shareholder from gaining control of the company.

News Corp, based in New York, also plans to seek seats on the Premiere board, the Journal reported, citing a person familiar with the situation.

A spokesperson for News Corp declined to comment on the report.

(Reporting by Duncan Martell and Kenneth Li; Editing by Christian Wiessner)
Deals
Stocks


More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets