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The News Corporation To Buy ESPN’s Equity Stake In ESPN STAR Sports


Wednesday, 6 Jun 2012 05:19am EDT 

The News Corporation and ESPN announced that they have entered into a definitive agreement under which a unit of News Corporation will buy ESPN’s 50% equity interest in ESPN STAR Sports (ESS). The transaction will allow News Corporation units to own and operate all of the ESS businesses while providing ESPN more independence and flexibility in future support of The Walt Disney Company’s overall efforts in Asia. The transaction is subject to customary regulatory approvals and ESS will continue to be jointly managed by the two companies until the transaction closes. 

Company Quote

31.56
0.28 +0.90%
18 Jun 2013