Fox takes full control of Sky
Fox has 40 per cent of an unconsolidated asset.
Industry globalisation, mergers and acquisitions, the emergence and popularity of digital media are a few prevailing trends in the global movies and entertainment industry.
CCTV and Baidu join Brazil’s Globo as the only companies based in emerging markets on the list compiled by ZenithOptimedia.
News Corp announced appointments to the Boards of Directors of both companies, effective upon the completion of the separation, which is expected to occur on June 28.
21st Century Fox replaces the previously announced name Fox Group.
News Corporation’s stake in Phoenix will now be reduced to an estimated 12.16%.
Following the sale, News Limited will no longer have any holding in SKY Network Television Limited.
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