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News Corporation to sell stake in New Zealand’s SKY Network Television Limited

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Sydney, Australia – News Corporation announced that its News Limited subsidiary will divest its 44% stake in SKY Network Television Limited, New Zealand’s pre-eminent pay television broadcasting service. News Limited has appointed Deutsche Bank to underwrite and, together with Craigs Investment Partners, to manage the sales of its SKY shares. It is expected that the shares will be sold to a broad range of institutional and retail investors. Following the sales, News Limited will no … [Read more...] about News Corporation to sell stake in New Zealand’s SKY Network Television Limited

News Corp to buy Consolidated Media Holdings

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Sydney - Consolidated Media Holdings Limited (CMH) has announced that it has received a conditional and non‐binding proposal from News Limited (News) to acquire CMH at a price of US $3.50 cash per share by way of a scheme of arrangement on a CMH board – recommended basis (the Proposal).   If the acquisition goes through, the Rupert Murdoch-owned News Corp will own 50% of Foxtel, Australia’s largest Pay-TV business. The proposal is subject to a number of conditions. These … [Read more...] about News Corp to buy Consolidated Media Holdings