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Provider: Thomson Reuters Stock Report
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Provider: Market Edge
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Consolidated Media Holdings Ltd Agrees To Back Revised Takeover Offer From The News Corporation-Reuters
Reuters reported that Consolidated Media Holdings Ltd agreed to back a revised takeover offer from Rupert Murdoch's The News Corporation of AUD2 billion ($2.06 billion), giving News Corp a greater share of the nation's pay-TV market. A successful takeover clears the way for CMH's largest shareholder, billionaire James Packer, to exit the last of his media ventures as he focuses on gambling. The deal will double the stake of News Corp's Australian unit in the nation's dominant pay-TV business Foxtel to 50% and give it 100% of content provider Fox Sports.
Latest Developments for News Corp
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- News Corp Announces Filing Of Amendment To Registration Statement For Planned Separation Of Businesses
- J2 Global Inc's Subsidiary Acquires News Corporation's IGN Entertainment
- News Corp To Grab Control Of Sky Deutschland AG-Reuters
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