THE BID: The Australian arm of News Corp. is making a $2 billion bid to take full control of pay TV company Consolidated Media Holdings. The News Ltd. takeover offer would give Rupert Murdoch‘s global media empire control of a large slice of Australia‘s pay television industry.
WHAT HAPPENS NEXT: The offer remains subject to approval from the Australian Competition and Consumer Commission and the Foreign Investment Review Board. News Corp.’s board must also approve it.
WHAT ELSE: News Ltd., which owns 70 percent of Australia’s newspapers, also announced a major restructure to centralize its Australian operations and reduce duplication.
Related posts:
Eating Vegetables May Protect Pancreas, Study Suggests
New York Times Admits that Virtually Every Major News Organization Allows the News to be Censored by...
Two men charged over stabbing of teenager
Best dress? Eva Longoria or Diane Kruger: Twitter highlights from Cannes
Dell to dole out more cash, corporate push quickens
Internet led to global 'explosion' of fake drugs
Views: 0