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News Corp. Wins Approval for $2-Billion CMH Takeover

MELBOURNE: Shareholders of Consolidated Media Holdings (CMH) have approved News Corporation’s AUS$1.94 billion ($2.01 billion) takeover of the company, giving it an increased presence in the Australian pay-TV market.  The deal sees News Corp. doubling its stake in Foxtel, to 50 percent. It also takes on full ownership of Fox Sports. Australia’s Telstra Corp. owns …

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