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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

    Mar 25, 2002

  2. SamC

    SamC Hall Of Fame

    Jan 20, 2003
    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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