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Murdoch Will Buy Rest of Fox Shares in $7 Billion Deal

Discussion in 'DIRECTV General Discussion' started by Richard King, Jan 10, 2005.

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  1. Richard King

    Richard King Hall Of Fame

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    http://www.nytimes.com/2005/01/10/b...partner=ALTAVISTA1&pagewanted=print&position=

     
  2. SamC

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    The structure of the NEWS Corporation has been odd. NEWS an Australian company, owned all of the stuff not called "Fox" and 79% of Fox, which owned all of the stuff called "Fox", except for the Fox Sports Net, which has an even more convoluted set-up and 33% of DirecTV.

    Under the new arangement, NEWS becomes a Delaware corp and owns 100 of everything, except some FSN outlets and 33% of DirecTV. Much better for the market.
     
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