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News Corp takes NDS private

Wednesday, July 2, 2008

News Corporation and two newly incorporated companies formed by funds advised by Permira Advisers LLP are taking NDS private.  NDS Group plc, a majority owned subsidiary of News Corporation supplies open end-to-end digital technology and services to pay-television platform operators and content providers.

News Corporation has total assets of US$62 billion and total annual revenues of approximately US$32 billion. It is a diversified entertainment company with operations in seven industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; magazines and inserts; newspapers and information services; and book publishing. News Corporation operates in the United States, Continental Europe, the United Kingdom, Australia, Asia and the Pacific Basin.  The motivation for this change is not immediately obvious.