Shareholders in Consolidated Media Holdings have given the green light to a $2 billion takeover offer from News Corp. The deal will double the stake of News Corp’s Australian dominant pay-TV platform Foxtel to 50 percent and give it 100 percent of content provider Fox Sports, Reuters reports. Consolidated Media’s board had backed the offer.
By THE DEADLINE TEAM | Tuesday October 30, 2012 @ 7:45pm PDTTags: Big Deals TV, Consolidated Media Holdings, News Corp
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This article was printed from http://www.deadline.com/2012/10/consolidated-shareholders-approve-2-billion-takeover-offer-from-news-corp-reuters/
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