News Corp. Helps Premiere Pay Debts, Refinance

Dec 23, 2008  •  Post A Comment

News Corp. has upped its shares in Germany’s Premiere pay TV service in order to help the company with its debts, the Associated Press reports. News Corp.’s increased investment is still subject to government approval, and is estimated to bring the company’s share in Premiere above 30%, up from 25%, the news service says. Premiere said it also will raise more money and refinance debts with News Corp.’s help, the AP says.
—Sergio Ibarra

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