TELECOM Digest OnLine - Sorted: News Corporation Completes Acquisition of Fox


News Corporation Completes Acquisition of Fox


Monty Solomon (monty@roscom.com)
Tue, 22 Mar 2005 21:21:13 -0500

NEW YORK--(BUSINESS WIRE)--March 21, 2005--News Corporation (NYSE:
NWS, NWS.A; ASX: NWS, NWSLV) announced today that it has completed its
previously announced acquisition of Fox Entertainment Group, Inc.'s
Class A common stock (NYSE:FOX) that News Corporation did not already
own.

In a short-form merger of Fox Entertainment Group, Inc. with and into
News Corporation's wholly owned subsidiary, Fox Acquisition Corp, that
was effected earlier today, each share of Fox Class A common stock,
other than those owned by News Corporation or its subsidiaries, was
converted into 2.04 shares of News Corporation Class A common stock,
subject to the rights of stockholders to seek appraisal under Delaware
law.

- http://finance.lycos.com/home/news/story.asp?story=47820386

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