News Corp. (NWS, NWSA) announces it will sell a 5.28% stake in Phoenix Television Holdings...

|About: News Corporation (NWS)|By:, SA News Editor

News Corp. (NWS, NWSA) announces it will sell a 5.28% stake in Phoenix Television Holdings through a subsidiary for $92M. Following the transaction, News Corp. unit Star Entertainment Holdings Limited will retain a 12.16% position in the Chinese media concern.

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