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News Corp Seals $2.1 Billion Consolidated Media Holding Limited Takeover Deal-Reuters


Wednesday, 31 Oct 2012 01:39am EDT 

Reuters reported that News Corp boosted its share of Australia's pay-TV market after shareholders in Consolidated Media Holding Limited voted in favour of a AUD2 billion ($2.1 billion) takeover offer from News. The deal will double the stake of News Corp's Australian arm in dominant pay-TV operator Foxtel to 50% and give it 100% of content provider Fox Sports, increasing its pay-TV exposure at the same time as it cuts costs at its print operations. 

Company Quote

17.655
-0.015 -0.08%
1:38pm EDT