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Is News Corp. becoming a publishing centric media conglomerate? That appears to be a pattern emerging following Saturday's announcement that the company would divest of eight U.S. television stations to private equity firm Oak Hill Partners for about $1.1 billion. The divestiture, which is expected to close in the third quarter of 2008, follows News Corp.'s deal to acquire print and online publisher Dow Jones and Co. for $5 billion, and moves to liquidate other TV assets, including stakes in DirecTV and Gemstar TV Guide.
China Post Online - Taiwan Business,World Business - chinapost.com.tw
India's Zapak Digital Entertainment Ltd., part of the Anil Ambani-led ADAG group, is set to acquire Sony Online Entertainment for around US$300 million, a newspaper reported Sunday.