News Corp to sell its Sky New Zealand stake
Quotes

News Corp to sell its Sky New Zealand stake

Last Updated: Monday, March 04, 2013, 09:23
 
 Comment 0
 
News Corp to sell its Sky New Zealand stake
Zeebiz Bureau

Wellington: News Corp, the parent company of media mogul Rupert Murdoch declared on Monday that it will sell 44 percent of its stake in New Zealand’s Sky Network Television for US 671 million.

News Corp’s Australian arm News Limited stated that shared would be offered to institutional and retail investors. The statement, however, did not clarify and figures on the sale.

Meanwhile, The Australian newspaper, which is part of News Limited, said that shares will be price at NZ$4.80 each, making the stake worth NZ$815 million.



First Published: Monday, March 04, 2013, 09:23


Comments


comments powered by Disqus
Tata Zest first drive review: In pics
Tata Zest first drive review: In pics
Google I/O 2014
Google I/O 2014
Maker Faire @ White House
Maker Faire @ White House
Amazon unveils 3D `Fire` smartphone
Amazon unveils 3D `Fire` smartphone
RIL`s 40th AGM
RIL`s 40th AGM

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved