The Australian arm of Rupert Murdoch's News Corp has offered to pay $2 billion for all of Consolidated Media Holdings, giving it full control of content provider Fox Sports.
Consolidated Media owns 25 per cent of Sydney-based pay TV operator Foxtel and 50 per cent of Fox Sports, a producer of subscription sports television channels.
If approved, the move would see News gain complete ownership of Fox Sports and 50 per cent of Foxtel, which has pay television...
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