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News Corp. (NWS) looks to strengthen its Australian pay TV holdings after agreeing to acquire...
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Friday, September 7, 2012, 3:27 AM ETNews Corp. (NWS) looks to strengthen its Australian pay TV holdings after agreeing to acquire Consolidated Media for A$1.94B ($2B). However, the deal is far from a shoo-in, as Kerry Stokes' Seven Group, which is considering a counter offer, owns a 25.3% stake in Consolidated. News Corp. needs 75% approval at a meeting next month to win through.
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