News Corp in £220m offer for Wireless Group
Former UTV Media owns radio stations in Ireland
Media giant News Corp has announced plans to buy Wireless Group in an offer worth about £220.3m.
It changed its name to Wireless Group earlier this year after selling its television division to ITV. News Corp's UK and Ireland subsidiary is offering 315p a share to shareholders, a 70 per cent premium over yesterday's closing price of 185p. Wireless Group's directors are recommending the offer. News Corp said it believed Wireless represented 'an excellent...
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