Consolidated Shareholders Approve $2 Billion Takeover Offer From News Corp: Reuters

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.

This article was printed from https://deadline.com/2012/10/consolidated-shareholders-approve-2-billion-takeover-offer-from-news-corp-reuters-362736/