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News Corporation (NWS)

  • Jun. 26, 2012, 8:01 AM
    Shares of News Corp. (NWS) move up 2.8% in premarket trading off of reports tipping off that the company may be split in two. Liberum Capital's Ian Whittaker speculates Rupert Murdoch's motivation behind a potential spinoff of the company's publishing division is that it would enable a freed-up News Corp. to make another run at British Sky Broadcasting (BSYBY.PK).
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  • Jun. 22, 2012, 6:08 AM
    It looks like a nice little bidding war could play out Down Under between Rupert Murdoch and fellow tycoon Kerry Stokes for TV holding company CMH, with Stokes' Seven Group indicating it may make a proposal for the 76% it doesn't own. News Corp. (NWS) has already offered $2B for CMH.
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  • May. 14, 2012, 9:58 AM
    Shares of Bona Film (BONA) jump up 7.7% after New Corp. (NWS, NWSA) discloses that it holds a 19.9% stake in the company. The investment will reduce CEO Dong Yu's stake in the firm to ~27%.
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  • Mar. 15, 2012, 1:00 PM
    Cisco (CSCO -1.6%) and News Corp. (NWS +1.7%) head in opposite directions following the former's purchase of NDS, in which the latter holds a 49% stake. Cisco says the deal will be immediately accretive to earnings, and that it will continue to sell NDS' software to rival set-top vendors. Strategy Analytics sees NDS aiding Cisco's efforts to get pay-TV providers to embrace online video, while Light Reading notes the value of NDS' relationships with Chinese and Indian pay-TV providers.
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  • Jan. 23, 2012, 2:58 AM
    News Corp. (NWS) may bid for Turkish media assets ATV and Sabah, sources say. Calik Holdings, which owns ATV and Sabah, has extended the deadline for preliminary bids until next week. The deal could bring in between $700M and $1B, or possibly higher if deep-pocketed bidders like News Corp. are involved in the sale.
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  • Nov. 2, 2011, 3:02 PM
    Bloomberg reports News Corp's (NWS +1%) Fox Sports is considering a bid to purchase the bankrupt L.A. Dodgers. An inside source sums up a possible motive: "If it comes down to paying $3 billion for telecast rights or $1 billion for the team, the math may mean you buy the team."
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  • Oct. 13, 2011, 8:24 PM
    The sale is off, say the content-focused owners of video hub Hulu - including NWS, DIS and CMCSA - because of its "unique and compelling strategic value" to each of them. Most bids from the likes of AMZN, DISH and GOOG didn't exceed the $2B owners thought they could get in an IPO last year, and new efforts like the $7.99/month Hulu Plus have them thinking there's value ahead. (previously on Hulu)
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  • Oct. 10, 2011, 5:05 AM
    Alibaba is interested in buying the 40% held in the company by Yahoo (YHOO), and has held talks with Singaporean investment company Temasek about providing the financing, Bloomberg reports. Yahoo’s holding in Alibaba is worth an estimated $13B.
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  • Oct. 10, 2011, 4:52 AM
    Yahoo (YHOO) has withdrawn from the auction to buy Hulu as it focuses on its own problems, the WSJ reports. Those still in the running comprise Dish (DISH), Amazon (AMZN) and Google (GOOG), with the latter offering over $2B. However, Hulu's owners still may decide not to sell.
  • Sep. 27, 2011, 8:29 AM
    According to BI's sources, Dish Network (DISH) made the highest offer for Hulu during the first round of bidding for the company, at $1.9B. Google (GOOG), however, made an informal offer of $4B in exchange for more lucrative content licensing rights. Hulu's owners are reportedly now on the fence about selling the video site.
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  • Sep. 22, 2011, 4:09 PM
    BI's sources claim Yahoo's (YHOO) board hasn't begun its search for a Carol Bartz replacement. Instead, the board has spent its time reaching out to PE and media firms interested in buying all or part of the company, though the PE firms have little interest in Yahoo's core business. The contacted media companies include DIS and NWS.
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  • Sep. 19, 2011, 8:48 AM
    Though a new round of bids should arrive next week, Hulu's sale is reportedly in jeopardy, thanks to differences over the video site's selling price and content rights, as well as rumored bidder Yahoo's (YHOO) ongoing turmoil. Other parties believed to be courting Hulu include GOOG, AMZN, DTV, and DISH.
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  • Sep. 6, 2011, 3:43 PM
    Peter Kafka confirms the Financial Times' report that the formal bidding for Hulu is down to AMZN, YHOO, and DISH. However, Kafka also claims Google (GOOG) is interested in making a bigger deal than the one Hulu's owners have been trying to swing - perhaps for "more content, for a longer period of time," and at a higher price.
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  • Aug. 31, 2011, 5:38 PM
    Business Insider claims six companies have made informal bids for Hulu, with most coming at the upper end of a range of $500M-$2B. GOOG, AMZN, and YHOO are considered among the most interested parties, while AAPL and MSFT declined to make bids. One source claims Yahoo's offer could be torpedoed by its board. (previously)
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  • Jul. 22, 2011, 5:32 AM
    Aussie regulators are expected to block a $2B takeover bid by Australian pay-TV firm Foxtel for rival Austar on competition grounds. In a preliminary ruling, regulators said their decision about Foxtel, which is 25% owned by News Corp. (NWS), had nothing to do with NWS' ongoing scandal.
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  • Jul. 22, 2011, 5:26 AM
    Apple (AAPL) is said to be in talks for Hulu (NWS, DIS, CMCSA), but discussions are still in early stages and there are plenty of other firms eager to buy the online video company. Another factor that makes an Apple bid unlikely: The company has shied away from making large acquisitions, and Hulu's price tag could top $2B.
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Company Description
News Corp is a diversified media and information services company focused on creating and distributing authoritative and engaging content to consumers and businesses.