News Corp settles with shareholders

News Corp has settled a legal case with a shareholder group that were unhappy with the way Rupert Murdoch and senior executives and board members were running the media company and averted a full blown legal case with a US$139 million payment. A group of US union and pension fund investors in News Corp, led […]

Liberty Global confirms US$23 billion Virgin Media deal

Liberty Global and Virgin Media have agreed a deal whereby the international service provider will acquire the UK’s sole large-scale cable operator in a stock and cash merger valued at approximately US$23.3 billion in enterprise value terms, including debt. The deal gives Virgin Media an equity value of US$16 billion.   Virgin Media shareholders will […]