London, 21 December 2009 – News Corporation today announces
it has agreed to subscribe to up to 49 million new registered shares in Sky
Deutschland AG via a capital increase that is expected to raise between €110
million and €120 million. As a result, News Corporation’s stake in Sky
Deutschland will increase from its current position of 39.96 percent up to a
maximum of 45.4 percent.
The issue price of the new shares will be the greater of €2.25 or the
volume-weighted average price on XETRA over the five trading days prior to
the resolution of the capital increase less a discount of 3 percent. The
capital increase is expected to occur in the course of January 2010.
News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) had total assets as of
September 30, 2009 of approximately US$55 billion and total annual revenues
of approximately US$30 billion. News Corporation is a diversified global
media company with operations in eight industry segments: filmed
entertainment; television; cable network programming; direct broadcast
satellite television; integrated marketing services; newspapers and
information services; book publishing; and other. The activities of News
Corporation are conducted principally in the United States, Continental
Europe, the United Kingdom, Australia, Asia and Latin America.
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Contact:
Alice Macandrew +44 (0)207 782 6013
Christof Schramm +49 211 9541 2311