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Article: News Corporation to buy rest of Fox.(The News Corporation Ltd, Fox Entertainment Group Inc.)(Brief Article)

Article from:
Screen Digest
Article date:
January 1, 2005
Copyright

News Corporation has launched an exchange offer for all stock in its content subsidiary Fox Entertainment that it does not already own. News Corporation will buy the remaining 18 per cent of equity, offering Fox Entertainment shareholders 1.9 shares of News Corporation stock for each Fox Entertainment share held.

Fox is central to News Corporation's strategic positioning in the US. It holds News Corporation's recently-acquired 34 per cent stake in satellite pay TV platform DirecTV as well as US ...

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