FOX to snap 51% in Dutch broadcaster
Source: Agencies |
August 9, 2012, Thursday
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Print Edition
Print Edition
RUPERT Murdoch's international media business, FOX International Channels, is to buy a majority stake in a Dutch cable television soccer broadcaster, in a deal media reports said was worth around 1 billion euros (US$1.24 billion).
FOX will acquire a 51 percent stake in Eredivisie Media & Marketing CV, which holds the rights to broadcast Dutch league soccer, the Dutch company said in a statement yesterday.
The move into Dutch sports broadcasting by the media mogul comes as he was forced out of some publishing activities in the United Kingdom, where his newspapers were hit by a phone-hacking scandal.
Financial details were not provided but Dutch media reports suggested the investment was worth around a billion euros through 2025 and included 60 million euros in debt.
FOX will acquire a 51 percent stake in Eredivisie Media & Marketing CV, which holds the rights to broadcast Dutch league soccer, the Dutch company said in a statement yesterday.
The move into Dutch sports broadcasting by the media mogul comes as he was forced out of some publishing activities in the United Kingdom, where his newspapers were hit by a phone-hacking scandal.
Financial details were not provided but Dutch media reports suggested the investment was worth around a billion euros through 2025 and included 60 million euros in debt.
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