News Corp. Makes Bid for Australia’s Consolidated Media Holdings

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By: Joe Flint | Los Angeles Times

News Corp. has made a roughly $2-billion offer for Consolidated Media Holdings, an Australia-based holding company that co-owns, with News Corp., substantial media assets in that region.

In a statement, Consolidated Media said News Corp. had offered AU$3.50 per share, a 13.6% premium from the stock’s trading price on Wednesday on the Australian Securities Exchange.

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