News Corp. (NWS) acquires remaining FOX shares. Is NDS (NNDS) next?
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News Corp. (ticker: NWS) completed its previously announced acquisition of Fox Entertainment (old ticker: FOX), buying the rest of FOX shares that it did not own.
Here are the details:
- Every share of Fox Class A common stock (not including those already owned by NWS) was converted into 2.04 shares of NWS Class A common stock
- 414,889,385 shares of Fox Class A common
stock were tendered in the exchange offer
Quick comment: This could have implications for NDS Corp. (ticker: NNDS). NWS owns 77% of NNDS and controls 92% of its voting rights.
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